Creator of Bitcoin Nominated for the Nobel Prize in Economics


The creator of Bitcoin, Satoshi Nakamoto, who we don’t know who is or if is a group of people cause is a pseudonym, Bhagwan Chowdhry, professor at the University of California (UCLA), has named Satoshi Nakamoto for the Nobel Prize Economy.

It has been nominated by the advantages of this electronic currency or cryptocurrency regarding traditional currencies such as encryption, transfers between individuals without an intermediary among other things.

Unfortunately for being an anonymous person or group of people is very likely that the Nobel Prize committee to reject this nomination, anyway is an honor for Satoshi Nakamoto to have been nominated.

Posted on 10/11/2015 by

Famsa now accept Bitcoin

Famsa now accepts bitcoins for online purchases
For those who aren`t from Mexico or the United States, Famsa is a chain that sells household products among other products, founded in 1970, is processing these transactions from Atlanta with BitPay.
Every day more companies are beginning to integrate payments with bitcoins, although some businesses reported losses by integrating such payments to other companies that are involved in selling goods and products have benefited from the integration of payments bitcoins.
In many countries bitcoin is accepted but in others there is little or no acceptance, but with the passage of time it begins to be accepted.

Posted on 13/10/2015 by


What is BitMesh?

BitMesh is a platform that allows users to share their bandwidth or Internet connections with others in exchange for bitcoin. Without the involvement of third-party escrow or contracts, users can achieve a mutual negotiation for the pricing and share Internet.

For users to connect to the BitMesh network, they will first connect their devices to a BitMesh WiFI connection nearby.

After they find a signal, they can instantly connect to BitMesh WiFi and start using it, and pay only for what they have used at the end of their usage with bitcoin.

BitMesh is currently incubated by prominent Bitcoin venture capital firm Boost VC, and has already presented their prototypes to investors and other panelists. With the help of Boost VC, BitMesh will be introduced to large silicon valley investors and raise funding rounds to market and develop their network.

Posted on 23/07/2015 by

Bitcoin wallet

bitcoin wallet

Bitcoin Wallet

A Bitcoin wallet is loosely the equivalent of a physical wallet on the Bitcoin network. The wallet actually contains your private key(s) which allow you to spend the bitcoins allocated to it in the block chain. Each Bitcoin wallet can show you the total balance of all bitcoins it controls and lets you pay a specific amount to a specific person, just like a real wallet. This is different to credit cards where you are charged by the merchant.

Posted on 5/07/2015 by



What is Bitcoin?

The Bitcoin is like other currency like de Dollar or Euro, to be exchanged for goods and services however the Bitcoin is an electronic currency and its outstanding by the efficiency, security and easy interchangeability

The Bitcoin was a project made by Satoshi Nakamoto and it became open source in 2009, bitcoin use a p2p connection, the bitcoin isn’t regulated by any government.

How does the Bitcoin works?

this is a general description im not going to talk about the details of the protocols etc etc. Basically the bitcoin is regulated by the persons that use this currency, you need to download the Wallet for the bitcoin or register and get your address in a page like coinbase or blockchain, Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into the public ledger. This activity is called mining and is rewarded by transaction fees and newly created bitcoins.

Use of the Bitcoin

In some countries you can pay your services with this currency and with the time is more accepted this currency, there are a lot of stores that accept Bitcoins, now even microsoft accept this currency, if more people use the Bitcoin the network will grow more and more

If you want more dails you can go and ask wikipedia this is just a general view of the bitcoin

Posted on 5/07/2015 by