Essays on Bitcoin

A cryptocurrency refers to a digital asset which is designed to function as an exchange medium through the use of cryptography which is responsible for securing transactions, verification of transferred assets as well as controlling the creation of supplementary units (Vigna, The Age of Cryptocurrency 67). Cryptocurrencies apply a decentralized...

The current age of information technology has altered every area of social, political and economic lives of people globally. Groundbreaking innovations render traditional means and methods of conducting affairs obsolete by providing current, fast, easy and user-friendly disruptive technologies. The currency industry is one of the areas impacted by information...

In the current era, physical banking is gradually losing the hype that it initially had and this can be attributed to the advancement in technology. Digital banking has taken over and it is possible today for people to transact business using their bank accounts remotely. However, all these are subject...

The Evolution of Trading The trading sector has encountered great revolution as new means of exchanges are discovered with the development of modern technology. Before, the monetary currency was adopted barter trade was the main activity in which food was exchanged with other goods including animals and ornaments. However, this kind...

The word has witnessed rapid advancement in technology, which has resulted in innovation, invention and improvement of systems and processes that have significantly impacted businesses and individuals at personal levels. The financial sector is one of the industries that have been greatly affected by technological advancements. Technology has improved efficiency,...

The current age of information technology has altered every area of social, political and economic lives of people globally. Groundbreaking innovations make traditional methods of conducting affairs obsolete by providing current, fast, easy and user-friendly technologies. The currency industry is one of the areas impacted by information technology this can...

A cryptocurrency is a type of digital asset designed to serve as a means of exchange by using cryptography to secure transactions and limit the creation of new currency units. Because of their anonymity, cryptocurrencies like the Bitcoin have made it easier for shadowy illegal activities to flourish. Smart contracts,...

Cryptocurrencies and Bitcoin Cryptocurrencies like Bitcoin are often regarded as the next big thing in the global financial system. These brilliant digital currencies have continued to reshape how internet commerce is performed. Since its inception in 2009, Bitcoin has grown in popularity within the business sector, both online and offline. Despite...

In recent years, both the media and investors have questioned Bitcoin s efficacy. The reasons for its widespread interest include groundbreaking features, simplicity, transparency, and a developing reputation. Investors use Bitcoin as a currency or for investment purposes. Bitcoin values soared by nearly 5000% since it went online in July...

There are several currencies in the world today, most of which are tied to a single country and hence only useable inside the borders of that country. The most common currencies include the dollar, euro, pound, and yen, among others. Bitcoin is the first decentralized digital currency, and the Bitcoin...

Today, most customers are turning to cryptocurrencies and virtual money such as bitcoins to pay their staff or obtain larger returns on their economic ventures. Governments like South Korea and Japan see the untapped opportunity of generating government revenue by taxing digital currency (Helmore 2017). As a result, laws are...

Bitcoin is a structure of cryptocurrency payment whereby a digital encryption is used to regulate the use and generation of the devices of currency. Bitcoin was made public in the year 2008 by a team of programmers known as “Satoshi Nakamoto”. The Bitcoin works by allowing all Bitcoin customers to...