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Showing posts from June 16, 2018

Spin your way to riches

Did you know that you can earn a fortune with your phone? Just spin to get litoshis. Earn a million litoshis and you get 1 litecoin. Get the app  here .

Mobile mining: how to earn money with your phone

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People nowadays are so busy. Wether at school,work, or whatever. Here is a simple way to earn while doing everyday work. Bitcoin wallet First and foremost, you need a bitcoin wallet to store your bitcoins. You may get a wallet here . Exchange (optional) If you're going to mine coins other than bitcoin, you may need an exchange to covert your coins. You may want to check out Poloniex or other exchanges. Minergate Minergate is an app for mining. You may download their app for desktop or the mobile application . Your phone needs to be connected to the internet to mine.

The technology behind cryptocurrencies

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Let's talk about blockchain, the tech behind bitcoin and crypto in general. Firstly it was invented by Satoshi Nakamoto in 2008. The beauty of the blockchain (aside from the fact that it doesn't need a central server to operate) is that it eliminates the idea of double spending. The technical details The blockchain is a continuously growing list of records called blocks . Yep, every transaction made with bitcoin is listed on the blockchain (or with any other crypto, it is kept in its blockchain). These records is composed of a cryptographic hash, a timestamp and the transaction data. [It's] an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way. Wikipedia The future of payments Cryptos have a lot of potential. It can be used for virtually anything. Not only that, because of the security it provides the blockchain can be used for identity management transaction processing , documenting provenance , food ...

Cryptocurrency in the Philippines

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Cryptocurrency is the future of payments. I think we should embrace it this early so we'd improve out payment system. What is cryptocurrency? Cryptocurrency comes from two words: crypto and currency. Crypto for cryptography - the art of writing or solving codes. More commonly Wikipedia defined it as: refers almost exclusively to encryption, which is the process of converting ordinary information into unintelligible text. Currency on the other hand refers to money in any form when in actual use or circulation as a medium of exchange , especially circulating banknotes and coins . Philippine peso (PHP), British pound (GBP), Japanese yen (JPY) are called flat monies . And here are some famous cryptocurrencies: Some famous cryptocurrency Bitcoin (BTC) The most famous and successful cryptocurrency. The price of Bitcoin at the time of writing is $ 11, 127.60. It's so famous that cryptocurrency and Bitcoin is sometimes used interchangeably. It founded by Satoshi Nakamoto in 2008. B...