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Zimbabwe Dollar - Bitcoin Wiki

Zimbabwe Dollar

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Bitcoin is a decentralized electronic crypto-currency, which has been created by Satoshi Nakamoto in 2008 [1] . The word "decentralized" means that Bitcoin doesn't have any centralized servers for oining, transaction processing and holding...

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Currency exchange - Bitcoin Wiki

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"Soft currencies" and chargebacks[ edit ]

Exchanging bitcoins for other forms of currency brings up some issues regarding chargeback fraud. Specifically, payment methods such as credit cards, and PayPal, can be reversed up to 90 days after the transaction took place. In contrast, bitcoin is a "hard currency", once you spend bitcoins, you cannot get them back by 'pulling' from your side....

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Bitcoin - Bitcoin Wiki

Basic Concepts

Currency

Alice wants to buy the Alpaca socks which Bob has for sale. In return, she must provide something of equal value to Bob. The most efficient way to do this is by using a medium of exchange that Bob accepts which would be classified as currency. Currency makes trade easier by eliminating the need for coincidence of wants required in other systems of trade such as barter....

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Bitcoin address - Bitcoin Wiki

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bitcoin address, or simply address, is an identifier of 26-35 alphanumeric characters, beginning with the number code or code, that represents a possible destination for a payment."/>

bitcoin address, or simply address, is an identifier of 26-35 alphanumeric characters, beginning with the number code or code, that represents a possible destination for a payment."/>

bitcoin...

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Bitcoin address - Bitcoin Wiki

Bitcoin address is an identifier (account number), starting with 1 or 3 and containing 27-34 alphanumeric Latin characters (except 0, O, I). Address can be also represented as the QR-code, is anonymous and does not contain information about the owner. It can be obtained for free, using, for example, Bitcoin software. Address example:

14qViLJfdGaP4EeHnDyJbEGQysnCpwn1gZ

Addresses can be generated...

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Bitcoin wallet - Bitcoin Wiki

Bitcoin wallet is the equivalent of a physical wallet for transactions with ."/>

Bitcoin wallet is the equivalent of a physical wallet for transactions with ."/>

Bitcoin wallet is the equivalent of a physical wallet for transactions with ."/>

Bitcoin wallet

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Bitcoinwallet is the equivalent of a physical wallet for transactions with Bitcoin . There are different wallets for...

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Related topics : bitcoin wallet address private key / bitcoin wallet private key generator / bitcoin wallet address electrum / bitcoin wiki wallet / bitcoin computer wallet

Difficulty - Bitcoin Wiki

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Principles of operation[ edit ]

In Bitcoin network there's global difficulty set for all blocks. For block to be considered legitimate it has to have hash value lower than set target.

Difficulty is changed every 2016 blocks. This is calculated using following formula:

difficulty = difficulty_1_target / current_target

where target is a 256-bit number.

Difficulty_1_target can take...

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Related topics : current bitcoin block difficulty / current bitcoin difficulty calculator / current bitcoin difficulty / bitcoin difficulty target / bitcoin mining calculator difficulty increase