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BASIC TRAINING


CRYPTOCURRENCY AUTHENTICITY
              

A cryptocurrency (or cryptocurrency) is a medium of exchange using cryptography to secure the transactions and to control the creation of additional units of the currency. Cryptocurrencies are a subset of alternative currencies, or specifically of digital currencies.
Bitcoin became the first decentralized cryptocurrency in 2009. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative.
Cryptocurrencies use decentralized control as opposed to centralized electronic money/centralized banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledge 


- source Wikipedia

WHITE PAPER

A white paper is an authoritative report or guide that informs readers concisely about a complex issue and presents the issuing body's philosophy on the matter. It is meant to help readers understand an issue, solve a problem, or make a decision. The initial British term concerning a type of government-issued document has proliferated—taking a somewhat new meaning in business. In business, a white paper is closer to a form of marketing presentation, a tool meant to persuade customers and partners and promote a product or viewpoint. White papers may be considered grey literature.

Since the early 1990s, the term "white paper" has been applied to documents used as marketing or sales tools in business. These white papers are long-form content designed to promote the products or services from a specific company. As a marketing tool, these papers use selected facts and logical arguments to build a case favorable to the company sponsoring the document. B2B white papers are often used to generate sales leads, establish thought leadership, make a business case, or inform and persuade prospective customers, channel partners, journalists, analysts, or investors. In digital marketing, white papers are often referred to as a form of content marketing. Many of these white papers argue that one particular technology, product or method is superior for solving a specific business problem. They may also present research findings, list a set of questions or tips about a certain business issue, or highlight a particular product or service from a vendor.
There are, essentially, three main types of commercial white papers:
Backgrounder Describes the technical or business benefits of a certain vendor's offering, either a product, service, or methodology. This type of white paper is best used to supplement a product launch, argue a business case, or support a technical evaluation at the bottom of the sales funnel.
Numbered list: Presents a set of tips, questions, or points about a certain business issue. This type is best used to get attention with new or provocative views, or cast aspersions on competitors, especially by using FUD.
Problem/solution Recommends a new, improved solution to a nagging business problem. This type is best used to generate leads at the top of the sales funnel, build mindshare, or inform and persuade stakeholders.
While a numbered list may be combined with either another type, it is not workable to combine the detailed product information of a backgrounder with the industry-wide perspective of a problem/solution white paper.

- source Wikipedia




The first timestamping scheme invented was the proof-of-work scheme. The most widely used proof-of-work schemes are based on SHA-256, which was introduced by bitcoin, and scrypt, which is used by currencies such as Litecoin. The latter now dominates the world of cryptocurrencies, with at least 480 confirmed implementations.
Some other hashing algorithms that are used for proof-of-work include CryptoNight, Blake, SHA-3, and X11.
Proof-of-stake and combined schemes.
Some cryptocurrencies use a combined proof-of-work/proof-of-stake scheme. The proof-of-stake is a method of securing a cryptocurrency network and achieving distributed consensus through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run difficult hashing algorithms to validate electronic transactions. The scheme is largely dependent on the coin, and there's currently no standard form of it.

- source Wikipedia




The first timestamping scheme invented was the proof-of-work scheme. The most widely used proof-of-work schemes are based on SHA-256, which was introduced by bitcoin, and scrypt, which is used by currencies such as Litecoin. The latter now dominates the world of cryptocurrencies, with at least 480 confirmed implementations.
Some other hashing algorithms that are used for proof-of-work include CryptoNight, Blake, SHA-3, and X11.
Proof-of-stake and combined schemes.
Some cryptocurrencies use a combined proof-of-work/proof-of-stake scheme. The proof-of-stake is a method of securing a cryptocurrency network and achieving distributed consensus through requesting users to show ownership of a certain amount of currency. It is different from proof-of-work systems that run difficult hashing algorithms to validate electronic transactions. The scheme is largely dependent on the coin, and there's currently no standard form of it.

- source Wikipedia



BITCOINS WHITE PAPER - SATOSHI NAKAMOTO

  THE BASIC AUTHENTICITY           OF CRYPTOCURRENCY

The Founder of Bitcoin?
A Little Bitcoin History
While we may not know who he (or she) was, we know what he did. Satoshi Nakamoto was the inventor of the bitcoin protocol, publishing a paper via the Cryptography Mailing List in November 2008.
He then released the first version of the bitcoin software client in 2009, and participated with others in the project via mailing lists, until he finally began to fade from the community toward the end of 2010.
Nakamoto worked with people on the open-source team but took care never to reveal anything personal about himself, and the last anyone heard from him was in the spring of 2011, when he said that he had “moved on to other things”.
But he was Japanese, right?
Best not to judge a book by its cover. Or in fact, maybe we should.
“Satoshi” means "clear thinking, quick witted; wise". “Naka” can mean “medium, inside, or relationship”. “Moto” can mean “origin”, or “foundation”.
Those things would all apply to the person who founded a movement by designing a clever algorithm. The problem, of course, is that each word has multiple possible meanings.
We can’t know for sure whether he was Japanese or not. In fact, it’s rather presumptuous to assume that he was actually a ‘he’.
We’re just using that as a figure of speech, but allowing for the fact that this could have been a pseudonym, ‘he’ could have been a ‘she’, or even A Team of Core Developers we will never know... only the original source will have this highly confidential information... I believe will never be de-classified or classed as plausible deniability of the Cryptocurrency Industry..
Bitcoin is a complex and anonymous type of electronic or digital currency which can be traded for real money or local currencies such as dollars, yen, and euros. But the beauty of Bitcoin lies with it being “convenient and untraceable, liberated from the oversight of governments and banks.”
The currency uses cryptography or encrypted coding to control its creation and transactions to ensure that no fake Bitcoins go into circulation – unlike the standard currencies used in different countries which can easily be counterfeited. This is also the reason why Bitcoin does not have a central bank to manage the currency, instead relying on an internet-based peer-to-peer network to process transactions.
Bitcoin is created by “mining.” There are already 15+ million Bitcoins in existence and once this number hits 22 million, “mining” or production of Bitcoin would cease. People can buy Bitcoins using from various websites, known as “Bitcoin Exchanges - Charts / Markets”
Think of Bitcoin as something like Digital Credits. You purchase these virtual coins so you can buy goods online now with over 100,000+ businesses globally and still grow. Bitcoin is a virtual currency to pay for things we can actually use whether you buy, sell, or trade in products and services the Virtual Monetary System today and towards the Future.
 
 
Peer 2 Peer Cryptography
 Bitcoin is a leader in distributed P2P Currency. Each participant can be part of a network as wide as they can reach, or as small as they choose to make it. The only drawback of Bitcoin is the necessity to use the Bitcoin currency. This is offset for many by the fact that, because the currency is 'in force' and widely used, a number of exchanges have popped up, allowing users to trade coins for other currencies. Bitcoin may be useful for a P2P Network as an immediate replacement for cash with low infrastructure requirements for implementation.

"Bitcoin bills itself as “the first digital currency that is completely distributed.” In essence, that means that it’s managed collectively by a global network of users, so no bank or payment processor is required between buyers and sellers in any transaction. Users begin with Bitcoin by downloading its client program for Linux, Mac or Windows, thereby creating a digital wallet and associated Bitcoin address for themselves. Next, very small quantities of Bitcoins are available for free from the Bitcoin faucet, but to get larger ones, users can visit various currency exchanges and sites. They can also accept Bitcoins as payments for goods and services. Either way, once they have Bitcoins — abbreviated “BTC” — users can spend them at various participating online merchants for a wide variety of goods and services. It’s free for merchants to accept Bitcoins, and there are no chargebacks or fees. Currently, there is no charge for processing Bitcoin transactions, but eventually, a small fee of about one bitcent will be charged every transaction to one of many competing Bitcoin “miners,” who create Bitcoins in a controlled way by running a dedicated program.

What Is The Ledger
BitCoin is a public ledger
BitCoin is not so much a "currency" as an "emergent phenomenon". It makes things possible that have nothing to do with money.

For example, let’s say that you have a screenplay for a movie. Before shopping it around in Hollywood, you want to prove that it’s yours so that a greedy producer can't steal it. Using BitCoin, you can add the signature (and date) of your screenplay to the "block chain", the "public ledger" where all Bitcoin transactions are stored. Now, if producers get greedy, you can (in theory) pull out this proof in a court and sue them.
As another example, let’s say that you have a great idea for a patent, but it’s not quite ready. Well, write it up into a file, then add the file’s signature to the block chain. Years from now, if somebody beats you to the patent filing, you can prove that you had the idea ahead of time.
You don’t need to really know how this works. There’s a website calledhttp://proofofexistence.com that takes care of this for you. Put whatever it is you want in a file, the sign the file using that site. Years from now, you can prove to somebody then that this file existed right now, today.

This is just one example of many emergent phenomena popping up around BitCoin. It’s not just about electronic currency, it’s about a lot of weird crypto concepts.

HISTORY OF BITCOIN

THE INFO YOU NEED TO KNOW

The Twelve direct informative infographics to read up on, Bitcoin has pioneered the way we will spend and save money, opening up the portal of The Cryptocurrency Industry, The Virtual Monetary System has now set new limits with protege types like Ethereum (eth) Litecoin (ltc) Dash (dsh) Ripple (xrp) and Peercoin (ppc).
is another protege, only this time a bigger system with a Juggernaut of profitable business building massive wealth around the world with Virtual Cash.

THE ANATOMY OF BITCOIN
A BEGINNERS GUIDE TO BITCOINS
THE FUTURE OF MONEY
A GLOBAL CURRENCY
BITCOINS Vs GOLD
TWO CURRENCIES
HISTORY & THE FUTURE
THE DEFINITIVE HISTORY OF BITCOIN
WHAT THE HECK IS A BITCOIN
VIRTUAL CURRENCIES THE FUTURE OF PAYMENTS
          IS BITCOIN?
THE FUTURE OF CURRENCY
     Btc 101 DIGITAL
CURRENCY REVOLUTION
     BITCOIN 5 YEARS ON
           BITCOIN AND
       THE BLOCKCHAIN
    THE RISE OF BITCOIN