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Showing posts from December, 2017

BitClub Network Presentation

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With a lot of people in Africa currently talking about BitClub Network, or joining BitClub Network, you may have heard of it but are not 100% sure what it is.   Basically, BitClub is a bitcoin mining platform with a network marketing component built in. And if you haven’t heard of bitcoin, or have at best only a limited understanding of it, it’s a crypto-currency that is garnering a lot of interest around the world due it being the best performing investment globally over the last few years.    (A crypto-currency is an internet currency, and as opposed to a “fiat” currency (like the rand, the euro, the US$ or the yen) which you can see and hold, a crypto-currency can be neither seen, held or felt. Confused? Don’t be as you’re not the only one!! Suffice to say that bitcoin is a) the leading and most well-known crypto-currency b) t is real money that you can use to buy goods and services and c) there’s a lot of information about it on the internet.   Google “b...

WHAT IS BITCOIN

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Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems. It’s the first example of a growing category of money known as cryptocurrency. What makes it different from normal currencies? Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally. However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized . No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money. Who created it? A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical pr...