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I think Ethereum is very likely to surpass Bitcoin and become the cryptocurrency of the future.
Ethereum is a part of a blockchain network. The main difference between Ethereum and Bitcoin, is that Bitcoin blockchain is focused on tracking ownership of the digital currency while Ethereum blockchain focuses on running the programming code or network.
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Before landing on to a specific conclusion regarding how safe is bitcoin, let us take a look at a number of traits that bitcoin possesses. These characteristics can play a role in either elevating or decreasing the bitcoin safety.
* Open Source * Transparency * Anonymity * Decentralization
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It is easy to understand why the terms ‘Blockchain’ and ‘Bitcoin’ often get confused – Blockchain does indeed serve as a platform for cryptocurrencies; without Blockchain there would be no Bitcoin. However, it must be emphasized that the scope and potential of Blockchain extends far beyond the world of cryptocurrencies.
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Advantages:
1. Send money to anyone from anywhere. 2. Decentralised i.e no local authority to impose tax or limits of transfer 3. Prices are always going up. 4. Quick and easy.
Disadvantages:
1. Not for people with less tech knowledge 2. Once you send your funds to a wrong address, you lose all your money as transactions are irreversible. 3. Price Volatile in nature.
Hope that helps.
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Blockchain is the digital, distributed, and decentralized ledger underlying most virtual currencies that's responsible for logging all transactions without the need for a financial intermediary, such as a bank. In other words, it's a new means of transmitting funds and/or logging information. Here are potential uses for blockchain technology.
1. Payment processing and money transfers 2. Monitor supply chains 3. Retail loyalty rewards programs 4. Digital IDs 5. Data sharing 6. Immutable data backup
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Peer-to-peer transactions (also referred to as person-to-person transactions, P2P transactions, or P2P payments) are electronic money transfers made from one person to another through an intermediary, typically referred to as a P2P payment application. Technically speaking, every transaction is a peer-to-peer (P2P) transfer. Whether you're using cash, credit cards or ACH payments, there is a buyer/sender on one side and a seller/receiver on the other.
Though in recent years, the definition of P2P transfers has evolved to describe a new way of exchanging money, goods, and services. Moreover, It doesn't rely on traditional intermediaries like banks or credit card companies.
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I planning to start with content marketing through Web 2.0 property. Does it sounds good??
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