Whenever a BitCoin halving event takes place, there’s always speculation about the significance of the event and how it would affect the BitCoin price. This article will explain what the BitCoin halving events are all about and how it affects the BitCoin community. Continue reading
The BitCoin Mempool is the storage area for all pending BitCoin transactions. Here’s how it works. When you perform a transaction, it is first transmitted and verified by the available BitCoin nodes. Upon verification completion, it then goes into the Mempool (Memory Pool). The transaction waits in the pool until the next available BitCoin miner processes it into the next available BitCoin block. Continue reading
Before we go into the details as to what affects the BitCoin price, we need to clarify some definitions first. The BitCoin Price and the BitCoin value are not related to each other.
The Bitcoin price only refers to the direct monetary costs of acquiring BitCoins – it is an objective factor. The value of BitCoins however refers to its perceived usefulness and benefits to the individual who is acquiring BitCoins – this is a subjective factor. Continue reading
What is the actual value of BitCoins? To understand the BitCoin value, we need to first understand the true meaning of the word “value” – since everyone considers the value of an item differently. The “value” of an item relates directly to its perceived benefits and usefulness to the individual holding the item. So in other words, an item’s “value” is rather subjective. Continue reading
Bitcoins can be stored in various ways, either as digital assets or as physical assets, either online or offline. One way in which you can store BitCoins in a physical format is by creating a BitCoin paper wallet. Creating a BitCoin paper wallet is also known as placing your BitCoins in “Cold Storage”. Continue reading