Definition bitcoin

The legal definition of Bitcoin is An electronic form of currency.Web Roundup: Stories About Bitcoin Today, Tomorrow and Beyond.When rational players of a game are locked in an equilibrium it is by definition that they cannot deviate unilaterally.Virtual money is officially a commodity, just like crude oil or wheat.

A primer on blockchain (infographic) - PwC - US Blogs

Unlike gold mining, however, Bitcoin mining provides a reward in exchange for useful services required to operate a secure payment network.

What is Bitcoin for Dummies - A simple, non technical

The Bitcoin Dictionary is a collection of definitions of Bitcoin-related terms for the community of Bitcoin users, developers, businesses as well as anyone interested in Bitcoin.PC Magazine Tech Encyclopedia Index - Definitions on common technical and computer related terms.

Bitcoin is a digital payment currency that utilizes crypto-currency and peer-to-peer technology to create and manage monetary transactions.An example of bitcoin is the digital money that can be allocated using a cell phone to donate to an Internet site such as Wikileaks.

Bitcoin Explained Simply for Dummies (Beginner's Guide)

Bitcoin confounds lawmakers as they try to figure out what it is and.Because bitcoins are limited and their value is determined by market forces, bitcoins are also traded like stocks on various exchanges.Bitcoin mining is the process by which transactions are verified and added to the public ledger, known as the block chain, and also the means through which new bitcoin are released.

What is Blockchain Technology? - Blockchain Technology

Essays on Bitcoin - Department of Economics // University

A bitcoin user is required to employ a public key, private key and bitcoin address for each transaction that occurs as a peer-to-peer transfer.

Property, Money or Currency? What is Bitcoin and Why It is a community funded project, donations are appreciated and used to improve the website. This definition comes from the technical glossary.

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments.Bitcoin is a digital cryptocurrency made up of processed data blocks used for online and brick-and-mortar purchases.Bitcoins may be purchased or sold over the bitcoin network and are considered secure because during each transfer, each bitcoin must be cryptographically signed.This makes it exponentially difficult to reverse previous transactions because this requires the recalculation of the proofs of work of all the subsequent blocks.Cryptocurrencies are a subset of digital currency that is decentralized.Bitcoin Mining is a peer-to-peer computer process used to secure and verify bitcoin transactions—payments from one user to another on a decentralized network.Once you get past the childish title, the recent bitcoin piece from Karl Denninger raises some issues that warrant consideration from bitcoin economists.

Bitcoin Definition | Leading Safe & Secure Cryptocurrency

bitcoin noun - Definition, pictures, pronunciation and

Bitcoins are generated after a block of data is processed, creating a block of transactional data in the bitcoin network.

Bitcoin - Simple English Wikipedia, the free encyclopedia

Bitcoin was invented as a peer-to-peer system for online payments that does not require a trusted central authority.Spending energy to secure and operate a payment system is hardly a waste.

Bitcoin (noun) definition and synonyms | Macmillan Dictionary

Bitcoin Definition Bitcoin is a consensus-based peer-to-peer network that enables a new payment system and a completely decentralized digital currency.This requires miners to perform these calculations before their blocks are accepted by the network and before they are rewarded.Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto.A blockchain is a type of distributed ledger, comprised of unchangable,.

Definition of bitcoin - a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the.Block Reward: This block contained a 25 BTC reward, which is fully rewarded to the miner that relayed the block--in this case Antpool.AML program, compliance for bitcoin ATM operators, exchanges, and more.The definition of Bitcoin defined and explained in simple language.I am aware that Satoshi Nakamoto is the author of the paper that originated Bitcoin and the.Bitcoin (noun) meaning, pronunciation and more by Macmillan Dictionary.Anybody can become a Bitcoin miner by running Bitcoin mining software and Bitcoin mining modules with specialized Bitcoin mining hardware.These abbreviations stand for the hashing power that your miner is generating.

Bitcoin has emerged as the leading cryptocurrency of choice ever since it came into being.Essays on Bitcoin By Alex Kroeger With Advisor Professor Tim Fuerst Abstract: The following paper analyzes two distinct topics related to the.