BUILDING BLOCKS OF BLOCKCHAIN: Core concepts of Blockchain, Bitcoin and Ethereum are explained in layman’s term. Also a step by step guide is provided to build your own blockchain in Java. by Anil Sinha
Is API import to tax calculating software such as cointracking.info or bitcoin.tax safe? Can someone please explain it to me in layman's term what is an API import?
I am asking this question because I am not a technical person and wanted to make sure that I understand it at least in laymans term before I move forward. This year it seems like tax calculation for cryptocurrency transactions are painful when doing it manually and found these two sites which will calculate it for you. I want to use the API import if its safe. Also, if anyone else has used it previously, your insights would be greatly appreciated.
CAn someone explain me in layman terms what is segwit and bitcoin unlimited and UASF and how this will reduce transaction time and cost for bitcoin transactions. Also how are miners affected by each of this options.
R/Bitcoins, I'm working on making a 3-Part post on Bitcoins which can explain the whole concept in layman terms. I've written the first part & need your feedback to improve upon later ones. No upvotes needed, just your suggestions.
[uncensored-r/Bitcoin] Can you explain blockchain to a layman in the simplest terms, by saying it's a shared protected d...
The following post by am_i_here is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7gcf7x The original post's content was as follows:
Or maybe, means to store data in a protected way in a public "cloud"? Technical definition shouldn't be spot on, I just need to convey the idea and do it in a way that captures the essence of it.
CAn someone explain me in layman terms what is segwit and bitcoin unlimited and UASF and how this will reduce transaction time and cost for bitcoin transactions. Also how are miners affected by each of this options. /r/BitcoinBeginners
I can't seem to grasp the idea of a completely digital currency. I'm 15 so I don't really have any money to use but it seems interesting and like the future so I want to know so I can be ahead of the curve compared to the common folk. Thanks in advance.
Bitcoin in Layman’s Terms. Bitcoin can seem a little daunting if you attempt to understand it. For the average person, trying to make sense of the Bitcoin whitepaper isn’t easy, and isn't even necessary. Some say it’s just as difficult, and at times worrying, to use as to understand, but for those who would like a general idea of how it works, this post unravels the technicalities and ... Bitcoin vs Other Payment Networks. In terms of acting as payment network, Bitcoin works quite differently from other online payment systems such as PayPal or Venmo. These traditional forms of payment over the internet, which are tied to the legacy financial system, involve the use of centralized, trusted third parties to order transactions and keep track of user account balances. Bitcoin is ... We may not be into Bitcoin or Cryptocurrencies to date, but we will be affected by new applications of blockchain software. We might even have to come to terms with digital or cryptocurrency! Over the past five years, the technology has developed to a point where many new applications are envisaged. Each transaction in the bitcoin scheme represents the transfer of bitcoins from one user to others. A transaction can correspond to the purchase of a cup of coffee, a new automobile, or the transfer of large amount of stocks from one portfolio to ... Bitcoin explained in layman's terms . Your Money. Updated: December 27, 2013 10:10 pm IST . Recently, a friend came up to me and asked "Raghu, how do I obtain bitcoins?" I stared at him with an ...
What is Bitcoin? Bitcoin explained in layman's terms - YouTube
Bitcoin explained and made simple Guardian Animations - Duration: 3:25. The Guardian 1,626,753 views. 3:25 . Bitcoin Basics (Part 1) - "Explained For Beginners" - Duration: 24:27. Chris Dunn ... Mario used as a metaphor for bitcoin mining. Also talking up some selling points to the butterfly labs product line including their new upcoming asic chips. ... 00:00 DeFi explained in laymans terms 00:27 How decentralized is DeFi? 02:11 Decentralized finance vs centralized finance 02:48 DeFi can only fail by becomin... There are many more cryptocurrencies now but bitcoin is seen as the first.This introduct... Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue . Watch ... Start trading Bitcoin and cryptocurrency here: http://bit.ly/2Vptr2X Bitcoin is the first decentralized digital currency. All Bitcoin transactions are docume...