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What is Bitcoin? | World Economic Forum

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In 2010, financial history was made when someone bought a pizza. If you haven't heard about this groundbreaking event, don't worry, you're not the only one.

The pizza wasn't the important part of the transaction - it was what was used to pay for it. The meal cost 10,000 bitcoins and was the first time the virtual currency was used to buy something in the real world. The day is...

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5 ways digital currencies will change the world | World ...

Digital currency could also allow small businesses in developing countries to engage more in global e-commerce. Latin American vendors could sell hand-crafted goods globally, Chinese teenagers could offer Mandarin tutoring over Skype, and African firms wanting to market their products through online advertising marketplaces would have a payment option that is unavailable today. Small value...

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Related topics : will bitcoin be the one world currency / digital currency business / bitcoin one world currency / global digital currency / digital currency account

You’ve heard of Bitcoin, but what ... - World Economic Forum

You've heard of Bitcoin, but what about Ethereum?

While Ethereum has its own currency, its potential as a network is piquing investor interest

Image: BTC Keychain/Flickr

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You've just got to grips with Bitcoin - maybe you've even used it. Well, it has a new challenger on the scene that's got the support of some major businesses.

Ethereum is gaining popularity and its value is...

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Related topics : use bitcoin to buy ethereum / what is the current value of 1 bitcoin / current bitcoin value / bitcoin value total / what's the value of 1 bitcoin

Still don't understand blockchain? - World Economic Forum

3. Rewards or incentives. A blockchain solution requires either a reward system, such as "miners" earning bitcoin or Ether, or an incentive mechanism to ensure that competing interests are aligned.

Within bitcoin and Ethereum, mining is the process of adding transactions performed during a certain time period on to the ledger and is the means by which nodes on the network reach a secure,...

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Related topics : bitcoin miner system requirements / bitcoin mining system requirements / bitcoin system requirements / new bitcoin miner / which bitcoin miner to use

All you need to know about blockchain, explained simply ...

Many people know it as the technology behind Bitcoin, but blockchain's potential uses extend far beyond digital currencies.

Its admirers include Bill Gates and Richard Branson , and banks and insurers are falling over one another to be the first to work out how to use it.

So what exactly is blockchain, and why are Wall Street and Silicon Valley so excited about it?

What is blockchain?

Currently,...

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Related topics : bitcoin blockchain technology explained / bitcoin technology blockchain / bitcoin digital currency exchange / bitcoin the next global digital currency / bitcoin digital currency

5 infographics that explain on year of blockchain news ...

Explore the latest strategic trends, research and analysis

If you work in finance or own any bitcoin , you likely already know about blockchain technology.

But for those in neither category, here's a quick overview of a year's worth of news about blockchains, databases that essentially make records more verifiable and permanent .

For this analysis, we used Quid , software that searches and...

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Related topics : bitcoin blockchain technology explained / bitcoin technology blockchain / bitcoin latest news 2016 / bitcoin news sources