A statement issued by GDC, and copied to the Ghana News Agency, said this was the first in Africa.The first crypto coins were produced on February, 8, the statement said, and expressed the optimism that the year would be a good one in terms of technology for Africa.According to information gathered by the Ghana News Agency on the Coin Desk’s website, Bitcoin is a form of digital currency, created and held electronically, with no one controlling the currency, which also were not printed, unlike dollars or Euros.It explained: “Instead, bitcoin is created digitally, by a community of people that anyone can join.Bitcoins are ‘mined’, using computing power in a distributed network.“They’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.It’s the first example of a growing category of money known as cryptocurrency.” “This network also processes transactions made with the virtual currency, effectively making bitcoin its own payment network.” Professor Nii Narku Quaynor, the Chairman of GDC, and the Internet Pioneer in Ghana, said: "As one of the first African computer scientists, we have an interest in seeing the adoption of Computing Sciences in Africa,” according to the statement.

He said: “We pioneered Internet development and will similarly promote Bitcoin development in Africa.“Our interest is in the Blockchain technology used in Bitcoin, which has numerous other applications beyond crypto currencies.“It's a computer scientists delight to see encryption technologies, hashing, linked lists, trees, proofs and more altogether!"The Internet was introduced to Ghana and other African countries by the pioneering company Network Computer Systems (NCS) in 1993.Internet has since been adopted in all African countries.However, NCS was shut down on November 26, 2003, over a land dispute.GDC is a descendant company of NCS, a next generation IT Solutions company.GDC, following the footsteps of the Internet pioneer company, NCS, was determined to pioneer and lead a drive towards adoption of crypto currencies in Africa, the statement said.“With Bitcoin as the most successful crypto currency, GDC considers investment in blockchain technology as strategic for Africa.” According to the statement, The General Manager of GDC, Ms Nancy Dotse said: "Our approach has been to focus on future technologies and to build communities around the technologies for rapid adoption.

“We invest in Africa's technology future.NCS pioneered the Internet in Africa and GDC seeks to pioneer Bitcoin in Africa.GDC will announce its Crypto currency products soon.” The statement said GDC planned to collaborate with academic institutions to build technical capacity in developing Blockchain applications locally.Ghana Dot Com Ltd, a successor company of NCS, was established in 2007 as an IT Software company, providing ICANN Accredited Domain Name Registrar services, Hosting, Web and e-Commerce Developer tools and other applications development for web and mobile devices.reddit bitcoin credit cardGDC is certified as an aggregator to interconnect to GHIPSS Internet payment gateway to enable local bank cards to be accepted for online payments.ethereum diagram

The GDC eShika product reduces the barrier to starting an online store locally.A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on Mathematical proof, according to Coin Desk.“The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.”Schroders Talk Bitcoin: mouth-watering prospect of eye-watering valuation Bitcoin has continued its steady climb back up towards record heights today after falling below $900 at the end of March.beyond bitcoin podcastThe cryptocurrency is currently trading 3.08 per cent higher at $1,171 on the back of Japan's decision to allow it to be used as a legal method of payment last week and news of a potential online bitcoin payment system.mining litecoin for profit

Investors turned against the currency late last month on worries of a so-called "hard fork", which would essentially break bitcoin into two different currencies.However, the cryptocurrency gained a vote of confidence and a major step towards the mainstream with Japan's new law, which means bitcoin exchanges have to comply with anti-money-laundering and know-your-customer regulations.Additionally, Kim Dotcom, the controversial entrepreneur behind file-sharing website Megaupload, said earlier this week he is creating a payments platform called Bitcache which will allow people to be paid for digital content with bitcoin.bitcoin pools explainedAfter the announcement, Dotcom, who faces charges of copyright infringement and money laundering in the US, tweeted that he expects bitcoin's price to rise to $2,000 soon.bloomberg bitcoin index$2000 soon #Bitcache https://t.co/nQW3LBRUgE— Kim Dotcom (@KimDotcom) April 5, 2017 Bitcache & Megaupload 2:A first look at encrypted anonymous content delivery with build-in Bitcoin payments.bitcoin phoenix az