A bitcoin wallet is software that connects you to the bitcoin network. This is the first step in acquiring bitcoin. You know how it is when you send someone an email. You have to have an email address, a password, and a way of connecting to the network. It can be webmail or a program such as Thunderbird or Outlook. You open up your email program and send an email to someone, using the email address that they gave you. The email is sent using your email […]
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The size of the bitcoin block has bothered a number of developers, miners, and others involved in the popular cryptocurrency. It seems that the limit of 1 megabyte as the block size means that only 7 transactions can be handled in one second. Because of the number of transactions increasing, this can cause the system to lag. On August 1, 2017, the protocol was changed making the block size limit 8 megabytes. The result was that the new currency was not the same as the bitcoin core […]
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If you do a search for free bitcoins, you will be deluged with great offers to earn bitcoin by visiting websites or playing online games. There are suggestions that you start mining. After all, everyone knows that miners get great payouts. First of all, most of the places that recommend joining sites where you earn bitcoins for watching videos, visiting websites, or any of the usual online low-paying schemes pay in satoshis. What is a satoshi? It’s the smallest unit of bitcoin that gets to be recorded […]
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