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What is Bitcoin?

Bitcoin is the first decentralized global currency, also known as cryptocurrency. It is a form of digital public money that can be transferred between people without the involvement of a third party, such as a bank. Bitcoin was created in year 2009 by unknown programmer using the alias Satoshi Nakamoto. The transactions take place between the users directly and the transactions are verified by network nodes. The transactions are further recorded in an online public ledger called the Blockchain.

Owning and Using Bitcoins

The Bitcoin value varies daily and has been increasing over the past few years. It is stipulated that only 21 million Bitcoins can ever be created. Bitcoin, being unregulated and decentralized does not have a central bank and hence it does not need to have any banking fees. The value of every Bitcoin resides in each Bitcoin itself and the transaction fees for using the Bitcoin is negligible. 

Owning a Bitcoin is just like owning gold coins, the value of which increases over time. It being virtual money, it can be used to buy and sell things online; or wait for its value to increase over time like a digital asset; or traded like a commodity from one exchange wallet to another.

Resource Library

What is Cloud Computing

Understand the term cloud computing, the ongoing trend, its playing field, future growth and how industry analysts are looking at cloud computing and its growth.

Myths about Cloud Computing

Cloud computing, in the recent years, has become a subject of significant discussion among the industry experts.

An Insight into Server Management

All size businesses have nowadays become dependent on digital content to drive effective oprations.

Case Study- Manipal Group

The Manipal Group of Companies is a major Financial and industrial group in South India.

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Case Study - Ministry of External Affairs

The Ministry of External Affairs (MEA) is an Indian government agency

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Free Virtual Machine

Blogs

7 lifesaving tricks for a successful Server Migration

Migration of server is a common occurrence with the ever increasing adoption of cloud technologies. Organizations that were not native to clouds have increasingly started moving their business to clou....

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7 revolutionary tech innovations that shook the earth

What comes to your mind when someone says “technology”? Smartphone? Computers? Or, maybe the internet?  Is that all? We all know, it is not. How privileged we ....

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