A Simple Guide to Understanding Bitcoin Mining
Are you an open minded entrepreneur who wants to expand your investment into a more income generating schemes? With the rise of online transactions, another way of investment is discovered. This investment scheme is called Bitcoin Mining. For sure, some of us already heard of this kind of investment. But for some who is still a bit confused, let’s start first with Cryptocurrency.
What is Cryptocurrency?
Cryptocurrency is an online wallet wherein you can transact over the internet. This is a digital asset that you can pay on your online transactions or send over other cryptocurrency users. Cryptocurrency accounts are not the usual kind of online wallets because this one use strong cryptography to make sure that transactions are secured. As compared to other online wallets, this one is high grade in terms of security and safety. Hacking and theft are avoided. In other words, cryptocurrency is a secured way of financial exchange transactions.
What is Bitcoin?
Bitcoin is the new kind of money that you can transact online. It is a digital currency that you can use to pay and invest. Bitcoin transactions are not governed by any government agencies but by …