Zebpay, an app-based bitcoin exchange, on Monday announced that bitcoins have reached an all-time high of $3000 mark.“Amidst positive global adoption, bitcoins globally have seen 300% increase in value over the last one year,” it said.“Bitcoin is the beginning of something great: a currency without a government, something necessary and imperative.”Nassim Taleb, author of The Black SwanIt is an electronic or digital currency that works on a peer-to-peer basis.This means that it is decentralised and has no central authority controlling it.Like currency notes, it can be sent from one person to another, but without a central bank or the government attempting to track it.The system depends on cryptography to control the creation of the currency.While no one authority controls the generation of the coins or tracks them, the system itself is designed in such a way that the network maintains a foolproof system of the record of every transaction as well as tracking issuance of the currency.The beauty of this cryptocurrency is that if you receive a bitcoin from another, you can be as sure of the payment as you would on receiving physical currency notes, with the same anonymity ascribed to it.

No one need know if your neighbour spent 2 bitcoins this morning to buy gold, but the transaction is recorded for posterity.This anonymity is lacking in other forms of digital payment such as online banking or e-wallets.You can send bitcoins digitally to anyone who has a bitcoin address anywhere in the globe.One person could have multiple addresses for different purposes – personal, business and the like.Receivers can get to spend them within minutes of receiving the coins.Once given away, like currency, there is no getting them back, unless the receiver decides to give them to you.A bitcoin is not printed currency but is a non-repudiable record of every transaction that it has been through.All this is part of a huge ledger called the blockchain.Bitcoins are available in bitcoin exchanges.You could also purchase bitcoins from other users.A bitcoin exchange traded fund could be another source in the near future.You can become a bitcoin miner by investing in software and hardware.More the power of the hardware that helps with encryption technology, higher the probability of your earning bitcoins.Unocoin is a Bengaluru-based company that allows users to buy, sell, store or use bitcoins.

While bitcoin usage is certainly not mainstream, there are said to be more than 500 merchants who accept bitcoins for payment in India.A bitcoin is generated when an entity, i.e.a person or a business, uses software power to solve a mathematical puzzle that makes the blockchain more secure.The difficulty level of solving the problem is high enough to ensure that it takes time to do it.Even if you become a bitcoin miner, there is no guarantee that you would be able to mine a certain number of bitcoins.Any scheme related to bitcoins promising a fixed return is likely a tall promise best avoided.Unlike currency notes that can be printed by a central bank for an unlimited value, there are only so many bitcoins that can be produced.The blockchain system is designed such that at its maximum only 21 million bitcoins can be produced and in circulation.The number cannot exceed this cap.As of February, about 15.2 million bitcoins have been mined (or produced).That is about 75% of the total cap already in circulation.Current estimates are that the last bitcoin that will ever be mined will come into existence in 2040.One bitcoin is worth roughly about $1,200 now.

An early investor in Snapchat has been quoted on the Web as saying that by 2030, the value could be as high as $500,000.bitcoin usb minerOne of the reasons that could prompt you to buy a bitcoin today is not so much to use it for payment online but as an investment.Urban legend has it that someone who was doing a thesis on cryptocurrency bought 5,000 bitcoins for $27 in 2009.bitcoin idahoDo the math for the value today!And unlike traditional currency that is inflationary in nature, the bitcoin is a deflationary currency.prix bitcoin canadaIn other words, if there are only so many bitcoins in use, and the demand for those rises, the value of a bitcoin would, logically, rise.When you send a bitcoin to a receiver, the transaction is included in the blockchain and broadcast to the network.bitcoin/altcoin scrypt mining rig

The blockchain ensures that the same bitcoin is not spent twice by the same user.ethereum kopen paypalA computer network validates the transaction using algorithms so that the transaction becomes unalterable.bitcoin dust collectorOnce validated, the transaction is added to others to create a block of data for the ledger.circle bitcoin exchange rateBusiness Govt to decide on bitcoin framework next week The issue of whether virtual currencies or bitcoins should be banned, regulated or self-regulated is being deliberated for sometime World PotCoin soars after ex-basketball star Rodman wears logo in North Korea PotCoin, a crypto currency for the legalized cannabis industry, jumped in value on Tuesday after ex-basketball star Dennis Rodman arrived Business Wipro receives second threat email, company's operations not affected Wipro has reinforced security measures at all its office locations after receiving a second threat email.ethereum recovery

Technology Bitcoin boom: Here's what the cryptocurrency is all about The value of the Bitcoin, the internet's most widely used virtual currency, has more than doubled since the beginning of 2017, recently Technology Newly discovered flaw in computers raises fears of another WannaCry The newly discovered vulnerability was announced by the US Homeland Security on Wednesday who also urged users to apply a patch.rbi on bitcoinTechnology North Korea-linked hackers 'highly likely' behind WannaCry: But Symantec said the ransomware had many of the hallmarks of other Lazarus attacks, including the 2014 strike on Sony Pictures and a Technology Bitcoin's murkier rivals line up to displace it as cybercriminals' favourite Bitcoin is well-entrenched as the preferred payment for cybercriminals like the WannaCry hackers who have hit more than 300,000 computers India Ransomware attack hits over hundred computers of Guj police We have deployed a team of technical staff to take corrective measures," said Superintendent of Police Ashok Yadav of Gujarat State Technology No substantial impact of WannaCry on Indian IT system: Secy A multi-agency monitoring team is continuously assessing the situation round the clock, IT Secretary Aruna Sundararajan said on the margins India WannaCry didn't leave an impact on India, says IT Minister WannaCry’ cyberattack has disrupted networks in over 150 countries and affected over two lakh systems globally