BUILDING BLOCKS OF BLOCKCHAIN: Core concepts of Blockchain, Bitcoin and Ethereum are explained in layman’s term. Also a step by step guide is provided to build your own blockchain in Java. by Anil Sinha
Is API import to tax calculating software such as cointracking.info or bitcoin.tax safe? Can someone please explain it to me in layman's term what is an API import?
I am asking this question because I am not a technical person and wanted to make sure that I understand it at least in laymans term before I move forward. This year it seems like tax calculation for cryptocurrency transactions are painful when doing it manually and found these two sites which will calculate it for you. I want to use the API import if its safe. Also, if anyone else has used it previously, your insights would be greatly appreciated.
CAn someone explain me in layman terms what is segwit and bitcoin unlimited and UASF and how this will reduce transaction time and cost for bitcoin transactions. Also how are miners affected by each of this options.
R/Bitcoins, I'm working on making a 3-Part post on Bitcoins which can explain the whole concept in layman terms. I've written the first part & need your feedback to improve upon later ones. No upvotes needed, just your suggestions.
[uncensored-r/Bitcoin] Can you explain blockchain to a layman in the simplest terms, by saying it's a shared protected d...
The following post by am_i_here is being replicated because the post has been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7gcf7x The original post's content was as follows:
Or maybe, means to store data in a protected way in a public "cloud"? Technical definition shouldn't be spot on, I just need to convey the idea and do it in a way that captures the essence of it.
CAn someone explain me in layman terms what is segwit and bitcoin unlimited and UASF and how this will reduce transaction time and cost for bitcoin transactions. Also how are miners affected by each of this options. /r/BitcoinBeginners
I can't seem to grasp the idea of a completely digital currency. I'm 15 so I don't really have any money to use but it seems interesting and like the future so I want to know so I can be ahead of the curve compared to the common folk. Thanks in advance.
Cryptocurrency in Layman’s Terms August 7, 2019 Posted by Bitcoin Value Altcoins , Cryptocurrency Cryptocurrency is frequently in the news cycle, with articles that alternate between labeling it the future of global trade and an unsustainable Ponzi scheme. Bitcoin Explained In Laymans Terms. ... This is helpful for claiming your Bitcoin Cash, particularly in case you don’t plan to keep any or don’t need to run a full node. As the price drops or rises, so ought to the estimated energy consumption of the bitcoin network. Finally, price forecasting should give you a sign of the direction of ... The Bitcoin database is called a blockchain, because of how it operates, and the process by which all computers check transactions and reach an agreement is called “consensus” (there is another process called mining, but I think it’s not relevant in a layman’s explanation). In terms of acting as payment network, Bitcoin works quite differently from other online payment systems such as PayPal or Venmo. These traditional forms of payment over the internet, which are tied to the legacy financial system, involve the use of centralized, trusted third parties to order transactions and keep track of user account balances. In layman’s terms: Bitcoin is a digital currency. That’s a concept that might be more complex than you realize: it isn’t simply an assigned value of money stored in a digital account, like your bank account or credit line. Bitcoin has no corresponding physical element, like coins or paper bills (despite the popular image of an actual coin ...
ELECTRONEUM UPDATE! BITCOIN HARD FORK EXPLAINED IN LAYMAN'S TERMS
BITCOIN HARD FORK EXPLAINED IN LAYMAN'S TERMS Sean Davis. ... Bitcoin explained and made simple Guardian Animations - Duration: 3:25. The Guardian 1,626,753 views. 3:25. ... If you still can't figure out what the heck a bitcoin is, this simple explanation for a five-year-old may help you. To make money with Bitcoin you really don't need to understand fully all the ins ... Bitcoin has been all over the news in recent days, reaching all-time highs then dropping thousands in minutes. So what is the hype all about? Baffled by bitcoin? Confused by the concept of crypto-currencies? Well, fear no more. In 190 seconds we explain what bitcoin actually is, where the idea came... In this video, I explain what is Bitcoin For Dummies. People tend to complicate what it is. I made this video to simplify it to its simplest form. Anybody can understand it ! Drop a comment below ...