6 Things Bitcoin Has Made Possible for the First Time
It may be cliché, but perhaps no single word sums up bitcoin quite as well as "disruptive". Computer scientists have been trying to create secure and sustainable digital cash since the earliest days of the Internet, and until Satoshi Nakamoto's white paper introducing bitcoin was published in 2008, their efforts were in vain. While the public may still be polarized by the digital currency, most people who take the time to learn about bitcoin and the block chain come to realize the significance of a decentralized, trustless network and the impacts it could potentially have in many areas of....
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Could there be some big excitement on the horizon for bitcoin enthusiasts? We probably should not speculate, but a tweet from digital currency payments processor BitPay has us nothing short of intrigued. When we say big things, we mean big things #bitcoin#tothemoon. - BitPay (@BitPay) May 10, 2014. Curious? We are too. And we can't help but to wonder whether or not the Atlanta-based company has an announcement of epic proportions to make. But let's not get too excited here. Over the past few months, we've had a number of these "big" announcements made, most famously from Blockchain.info.....
Bitcoin and Internet of Things (IoT) are the two buzz words in the tech sphere at the moment. Bitcoin is something which we always keep talking about on this site. Internet of Things, not so much. But with the introduction of Bitcoin 2.0 and other upcoming alternatives like Ethereum, we will be forced to discuss about IoT soon. After all, the IoT will be made possible by Bitcoin technology in the coming days. What is Internet of Things? Internet of Things (IoT) is a concept where the objects and equipment area embedded with electronic sensors to create a network. These "smart" equipment....
Recently, Facebook made headlines when they approved the Multicoin Tipping App and The Doge Tipping App. This was the first time Facebook had made any positive movement in favor of digital currency. I was able to talk with Alejandro Calballero, developer of the tipping apps, about how things are going, how things look and what's in store for the future of Facebook tipping. CCN. Now that the tipping apps are fully-operational with Facebook approval, how has the response been from the Facebook community? "Well, it's been similar to all apps being released every day. People looking for....
Bitcoin adoption in a mainstream capacity can only benefit from the efforts being made in the Internet of Things industry. As more and more devices learn to communicate with each other through mesh networks, payment solutions will have to evolve as well. Bitcoin is perfectly suited for microtransactions, and when this world collides with the Internet of....
Bitcoin's value as a payment protocol is hard to deny. The digital currency offers merchants a number of benefits over traditional fiat and credit card transactions, and for consumers, making payments with bitcoin is secure and convenient. Even with those benefits, however, there was a time when it was nearly impossible to use your bitcoins to buy anything practical. One of the very first real-world purchases made with bitcoin was in 2010, when a computer programmer paid 10,000 BTC (around $6m USD at today's market price) for two pizzas from Papa John's. Luckily for everybody, companies....