The blockchain is an incorruptible digital ledger of economic transactions that can be programmed to record not just financial transaction but virtually everything of value.
Cryptocurrency is a form of digital money that is designed to be secure and, in many cases, anoymous. It is a currency associated with the internet that used cryptography, to track purchase and transfers. They are always issued in a fix number so will hav no inflation like flat money.
1. sudo apt-get install libboost-program-options-dev libboost-thread-dev libssl-dev libdb++-dev
2. sudo apt-get install libboost-filesystem-dev
3. sudo apt-get -y install git wget libqrencode-dev libminiupnpc-dev
4. sudo apt-get update
5. sudo apt-add-repository ppa:bitcoin/bitcoin
6. sudo apt-get -y install git wget libqrencode-dev libminiupnpc-dev
7. sudo apt-get install libdb4.8-dev libdb4.8++-dev
It's an obvious area where new technologies like blockchain or these electronic currencies can be used to improve the process.
Bitcoin represents not only the future of payments but also the future of governance.
Well, I think it is working. There may be other currencies like it that may be even better. But in the meantime, there’s a big industry around Bitcoin. — People have made fortunes off Bitcoin, some have lost money. It is volatile, but people make money off of volatility too.
Bitcoin is a remarkable cryptographic achievement… The ability to create something which is not duplicable in the digital world has enormous value…Lot’s of people will build businesses on top of that.
Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.
At its core, bitcoin is a smart currency, designed by very forward-thinking engineers. It eliminates the need for banks, gets rid of credit card fees, currency exchange fees, money transfer fees, and reduces the need for lawyers in transitions… all good things.
