Wednesday, March 2, 2016

What is Bitcoin?

What is Bitcoin?          
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet. Bitcoin can also be seen as the most prominent triple entry bookkeeping system in existence.
Who created Bitcoin?
Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin.
Satoshi's anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi's influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin's inventor is probably as relevant today as the identity of the person who invented paper.
Who controls the Bitcoin network?
Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.
How does Bitcoin work?
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.
Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". To learn more about Bitcoin, you can consult the dedicated page and the original paper.

Thursday, November 12, 2015

How to Earn Money Online without any Investment

No matter where do you stay India, china, Australia or even Europe. You can make money online without any investment from home. To earn money online there is no need of particular educational qualification or even any experience. It is one of the best part time job to make money from home using internet.
You required following simple things to earn online money
1.       First of all you need to have valid email ID. You can get one from following sites

If you already have one there is no need to open new email ID

2.       Secondly you need to open account in PTC sites
Now what are PTC sites?

PTC is short form of Paid To Click. PTC site are those site that gives you money for watching advertisement. You can make money by clicking ads providing on these site. There are lot of PTC site are available to earn money online. You have to spend 30-40 Minutes in 24 Hour to make money.

Here top PTC sites given below. Just open a link and register yourself for free. You need not to pay a single penny…..

Sunday, July 26, 2015

Friday, August 29, 2014

Happy Ganesh Chaturthi

Wishing All Banknote Collectors Happy Ganesh Chaturthi. Above Indonesian 20000 Rupiah Banknotes Lord Ganesh (Ganpati).

Ganpati Bappa Morya............
Mangal Murti Morya........

Sunday, July 13, 2014

UAE's first Dh1,000 currency note in Braille

The Board of Directors of Central Bank of the UAE discussed in its 4th meeting for the year 2014 the major subjects in the new banking law and reviewed a comparative analysis between it and Federal Law No-10 of 1980, Regarding the Central Bank, the Monetary System and Organisation of Banking.

The Board also reviewed a memorandum regarding re-printing of quantities of currency notes of denominations Dh1,000, Dh500, Dh200, Dh20, Dh10 and Dh5, using Braille characters, so that they will be readable by those who lost their vision, and instructed necessary actions be taken to proceed with execution.

Wednesday, August 28, 2013

Tuesday, March 12, 2013

Wednesday, November 7, 2012

South Africa launches new Nelson Mandela bank notes

South Africa — Bank notes featuring Nelson Mandela's face went into circulation today in South Africa.
Dubbed the "Randela" after the country's rand currency, the new Mandela notes replace the current safari-themed bills with images of the "Big Five" animals: lion, leopard, elephant, rhino and Cape buffalo.
Instead, the "Big Five" will appear on the back of the notes, with Mandela on the front.
Mandela is "excited" about the bank notes bearing his image, South African Reserve Bank governor Gill Marcus said Tuesday.
"He is delighted, very excited about it. We did show him the designs, the drafts and everything else,"
Mandela, 94, became South Africa's first democratically elected president in 1994, and is often called by his clan name "Madiba" in South Africa as a term of respect.
"This is our way to pay tribute to him. Madiba does represent something special, not only in South Africa. He is really an extraordinary human being," Marcus said.
The Mandela bank notes are being issued in denominations of 10, 20, 50, 100 and 200 rand, and have security features including watermarks, micro-printing and unique numbering, SAPA said.
The old notes will remain legal tender.
President Jacob Zuma earlier this year said the bank notes were a "humble gesture" to express the "deep gratitude" of South Africans toward Mandela.

Wednesday, July 25, 2012

Monday, July 23, 2012

Sunday, July 22, 2012

Saturday, March 3, 2012

Wednesday, February 15, 2012