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Decentralisation, Giving Power To Those Who Need It Most

Not enough is said about charity and the blockchain revolution, nor, not much is said about the power cryptocurrency holds in terms of its potential to issue finances to people who need it most. Within humanity, the need for charity often means that you have reached a last resort. With no finances to hand, often no address or registration documents, getting hold of a bank account is almost impossible. Without a bank account and a place to call home, getting a job is equally difficult. But without these things, how is a person or a community expected to look after...

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The Three Applications For Blockchain Technology

The Forbes Finance Council have recently published an article which refers to the ‘Three Near-term Applications for Blockchain Technology’. Written by Ben Taylor, the article covers benefits of the blockchain within Audits, Security and Cryptocurrencies. Whilst the three areas covered by Taylor do seem pretty obvious, he does offer an interesting insight. This is important as the Forbes Financial Council are of course a name that can be relied on. I would consider them to be a reliable source for information and therefore would like to take note on what they are saying. What do Forbes have to say about...

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Why We Need To Think About Zero-Confirmation Transactions

Firstly, let me recap on exactly what a zero-confirmation transaction is, as summarised by CCN: “Bitcoin transactions are committed to the blockchain about every 10 minutes. Zero-confirmation transactions do not reside in a block yet. Instead, they reside in the memory pool of miners. Until a block is mined that includes the transaction, it is said to have ‘zero-confirmations. Once included in a block and written to the blockchain the transaction has one confirmation”. Often, many merchants and exchanges won’t accept transactions until they have a confirmation, sometimes they require as many as six, this means they can be left...

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Investing In Cryptocurrency As A Nest Egg For Your Children

As a father of three, I first started investing in Bitcoin in 2017, after a recommendation from a friend. I decided to invest £3K for my children as a nest egg for the future. This investment is now worth in excess of 5 figures. Here, I explain the reasons for investing and the process I went through when investing for the first time in cryptocurrency. When did you first decide to invest in Bitcoin for your children? In February 2017 a very good friend of mine essentially sat me down and 'held my hand' to purchase 1 bitcoin each for...

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An In Depth Look Into Blockchain Technology

Blockchain, a brainchild of the of the mysterious pseudonym Satoshi Nakamoto, is an indisputably ingenious innovation. The technology allows digital information to be distributed to users without being copied, thus creating the spine of a new kind of internet. The Blockchain technology was originally invented for the sole purpose of governance of the digital currency, Bitcoin, however, tech pioneers have devised and continually devise other potential uses for arguably the most disruptive technology. Bitcoin (BTC), tagged - quite appropriately the "digital gold", currently has a total currency value of close to $9 billion (USD) with Blockchain technology being central to...

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