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BITCOIN IS OK

THE HOME OF CRYPTO-CURRENCY/ BITCOIN INVESTMENTS, BITCOIN CLOUD MINING, MINING
POOLS, BITCOIN NEWS AND LOTS MORE

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BITCOIN NEWS

The best updates of crypto-currency and bitcoin related news







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TOP 10 BEST BITCOIN ADVERTISING NETWORK IN 2024 LIST

The latest Top 10 Best bitcoin Advertising Network which is Okay to use for both
publishers and advertisers.

click here to know more


BEST BITCOIN GAMES IN 2024 LIST

Have fun and earn free bitcoin using this outstanding games which is cool.

click here to know more


BITCOIN NEWS UPDATE

Stay up to date with Bitcoin is OK News update that are just for you which will
make you stay enlighten and informed.

click here to know more


BITCOIN MINING

Bitcoin Cloud Mining, CPU, FPGA, GPU and ASICs Mining


BITCOIN MINING

The virtual currency bitcoin can be gotten through various means. One of the
most common ways to obtain bitcoin is by mining. There are two major ways of
mining bitcoin: either by using the necessary hardware and software and mining
it in a bitcoin mining pool or by obtaining a required amount of hash power by a
certified mining company who has the hardware, power and resources to mine
(Bitcoin cloud mining) ...

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WHAT IS BITCOIN ?

Bitcoin is the first cryptocurrency, a virtual currency. It is also
decentralized digital currency which is without a central bank or single
administrator that can be sent from one user to another on a peer-to-peer
bitcoin network. Just like a bank, transactions here are verified by network
nodes through cryptography and recorded in a public distributed ledger known as
blockchain. Bitcoin was created by an unknown person named Satoshi Nakamoto in
2009. Bitcoins are created as a reward for a process known as mining. Bitcoin in
general can be exchanged for other cryptocurrencies such as dash, dogecoin,
Ethereum e.t.c. Bitcoin is highly unstable due to its high volatility nature and
is criticized for its use in illegal business. Bitcoin has also been used as an
investment or ponzi scheme hence cation should be made when dealing with a group
or organization offering bitcoin services .

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BITCOIN WALLET.

A bitcoin wallet is a place where bitcoins are stored for direct or future
use.It consists basically of series of number and letters in a given sequence or
order linked to the bitcoin blockchain network. In other words, a user who
creates a bitcoin wallet from one location cannot have the same unique wallet
for another user who created his wallet from another location. Bitcoins can be
stored on a users personal computer. But the main disadvantage is that it
consumes space. Bitcoin can also be stored on other users resource or network
such as xapo wallet, Luno wallet e.t.c. Caution should be taken when doing this
because each organization has its terms and conditions of service. Furthermore,
each organization have their exclusive transaction fees.

Due to its availability and easy movement of bitcoin within the blockchain,
bitcoins users can be scammed and their wallet hacked. Thus it is advisable to
either create a high level of security for any bitcoin wallet such as two factor
authentication provided by google, xapo, luno, Payeer e.t.c. Other organization
such as xapo have an in-built vault with other strong security features.


GET YOUR BITCOIN WALLET FREE

The following are bitcoin wallets are not open source. However, Users are warned
to read the terms and conditions of services before opening an account with such
organization.

 * coinomi wallet

   On the other hand, this is an example of bitcoin wallet that its software is
   available as an open source. Open source software is simply a software that
   its codes is available for public usuage, review, analysis or scrutiny with
   the sole aim of checking and verifying that it is safe, free of malware,
   trojan, viruses or backdoor which can lead to loss of funds or improper/
   unauthorized use.

 * blockchain wallet

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THE FUTURE OF BITCOIN

Bitcoin is one of the best cryptocurrency investment over nine (9) years. There
is a high return of investment over a short period of time due to its volatility
nature. There is a high tendency that other countries may adopt it as another
legal tender and alternative payment source.

The major concern about bitcoins is that transaction can be done without any
government restriction thereby making it a good source for money laundering.
This has been curb by some countries by creating a verification platform for
users for accredited bitcoin organizations in the country such as luno wallet.
Nevertheless, there are still loop holes and back doors which needs to be
addressed

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