Are Bitcoin Transactions Relevant in Today’s World?

by / ⠀Finance Investment / April 19, 2022
Wondering whether Bitcoin transactions are relevant in today's world? If so, here's a brief overview of what makes Bitcoin important.

Satoshi Nakamoto created Bitcoin, a digital currency, to allow individuals to transfer value via transactions over the internet. Bitcoin provides an alternative, cashless payment method operating without centralized control as a digital currency. However, nowadays people use it just like conventional currencies. Bitcoin uses cryptography based on the SHA-256 algorithm to enhance safety, which the U.S. National Security Agency designed. Thus, cracking this is almost impossible because it…

Does a Bitcoin Weigh More Than a Gold Coin? Alternative Assets in Retirement Plans

by / ⠀Personal Finance / May 9, 2014

The problem with being young and successful is that right now you’re, well, young and successful. However, that’s a situation which eventually takes care of itself. At some point most intelligent people come to that realization, and they start thinking about saving for retirement. The problem is that they start thinking about it a little too late. Most Americans never save enough of a nest egg to adequately…

Bitcoins: Will This Digital Currency Work for Your Small Business?

by / ⠀Startup Advice / June 7, 2013

As technology continues to evolve, so do the methods we use to buy and sell products and services. One new concept that has garnered a lot of attention recently is the online digital currency dubbed Bitcoin. Bitcoin was introduced four years ago as an electronic alternative to standard worldwide currencies. It is a decentralized currency, totally independent of any government entity or financial institution, and Bitcoin transactions are managed purely by an…