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Essays on Bitcoin

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BitcoinOn bitcoin and red balloons. Bitcoins

Bitcoin is a technology that uses digital currency. It does not involve intervention of the banks. It is used in online transactions. It is referred to as peer-to-peer money transfer because there is no third party involved. An individual can pay or be paid for goods and services offered directly without involving middle-men; in this case, banks. The technology was created in 2009 by Satoshi Nakamoto (Reid, et al., 2011, p.45). Transactions using Bitcoins does not have any fees. They…...

Bitcoin and Cryptocurrency

Bitcoin and CryptocurrencyBitcoin and cryptocurrencies are the new buzzword today, almost everywhere people are talking about bitcoins, especially with the examples that someone has made millions in just one or two years by smartly investing in bitcoins. It definitely creates curiosity to others if it is right or legal to invest in bitcoins or is it just a bubble?With the market cap of more than $270 billion, the bitcoin gained momentum when its price touched whopping $16,500 last year. It’s…...

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Decentralized Distress Relief Using Blockchain

Abstract Blockchain gained popularity with the advent of bitcoin. This has paved the way for several other use cases for blockchain technology. In the event of a disaster, it is important to have a distributed means of providing relief to the affected parties. By nature, blockchain does not require an intermediary to facilitate transfer of data or other transactions, hence providing a seamless platform between the distressed party and the individual or organization assisting them. In a traditional scenario, the…...

Blockchain is a Financial Technology

Introduction Blockchain refers to block of chain, which contain block of list known as block.It is aplatform in the world, we are utilizing new technology to build a vast better financial system. Blockchain has powered over hundread million transactions and enabled users in 140 nations across the globe to transact rapidly and without costly intermediaries. A Blockchain is singly linked list of block, with each block comprises of a number of transactions. It provides decentralized, constant data store that can…...

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