Sentences with phrase «by physical bitcoin»

Users of the Waves platform can tokenize Bitcoin (wBTC) which is backed by physical Bitcoin in a ratio of 1 to 1.

Not exact matches

Mobile Bitcoin wallets, like Bitcoin Wallet for Android, let you use Bitcoin to pay for items in physical stores that accept them by scanning a QR code or using NFC «tap to pay.»

While Bitcoin is often criticized because it's not backed by a physical commodity, that's not an issue for Michael Lee, an economist in the New York Fed's Research and Statistics Group, who says that neither is the dollar and most modern currencies.

Virtual currency that can be monetized, resold, or converted to physical or digital products and services or otherwise exit the virtual world (e.g., Bitcoin); sale of stored value or credits maintained, accepted and issued by anyone other than the seller

Early physical bitcoins were made and assembled by the creator, which included them generating and affixing the secret key.

As Bitcoin apps such as Abra increasingly bridge the fiat gap by providing more options to buy and sell Bitcoin, could physical BTMs become obsolete?

In return for their services, miners are paid fees by the vendors / merchants of each transaction and are also given physical, minted bitcoins.

However, cryptocoins are changing these outdated notions of physical cash or third parties and storing the digitized format of your funds on a digital database known as a blockchain — the technology that was introduced by Bitcoin.

A steadily increasing number of people will want to get in on the «new Bitcoin,» a bizarre paradox given that gold is as old as time, and will soon realize that gold possesses virtues Bitcoin does not, given that it is real, not digital and abstract; that owners can personally possess and store it in physical form; that it will survive any kind of electric grid or Internet disruption that might occur; that it can not ever be hacked; that it is the epitome of private, quiet wealth; that it is actually quite beautiful to behold; and that it was not and can not be made by man, only by God, who does not appear to have any interest in making any more of it.

Unlike the our physical currencies, the Bitcoin isn't controlled by anybody.

by Over the years, I've written a number of articles regarding why I prefer physical gold and physical silver over bitcoin (BTC).

Like Bitcoin, MintChip does not require individual distinguishing proof; not at all like Bitcoin, it is upheld by a physical cash, the Canadian dollar.

Unlike physical dollars or other currencies, bitcoins use «blockchain» technology that makes it almost impossible to hack and be stolen or seized by a government.

I recommend BitPay as it's a very well - known bitcoin payment processor used by thousands of merchants, and can be integrated both online and in physical stores.

The season of giving is here, and there's no better way to spread the incredible benefits of cryptocurrency by giving our loved ones bitcoins — paper wallets, physical Bitcoins, offline wallets or Bitcoin gifbitcoins — paper wallets, physical Bitcoins, offline wallets or Bitcoin gifBitcoins, offline wallets or Bitcoin gift cards.

Bitcoin has been used by criminals for years as a way of avoiding physical money movement, with the transfer of digital tokens resulting in them being less likely to be caught.

Users will be able to insert either of the two physical currencies in any denomination, and enter a bitcoin address by scanning a QR code, Berwick says.

As a real standalone Bitcoin client, there is no server to get hacked or go down, and by building on iOS's strong security base, breadwallet is designed to protect you from malware, browser security holes, even physical theft.

On the other hand, NFC has its advantages for the bitcoin payment industry since it makes transactions more secure by requiring the physical proximity of the device and the POS terminal.

This means that the Bitcoin trading industry is largely unaffected by the country's lack of physical cash.

By doing that only someone with physical access to the offline computer can steal your Bitcoins.

As Bitcoin apps such as Abra increasingly bridge the fiat gap by providing more options to buy and sell Bitcoin, could physical BTMs become obsolete?

The fund's bitcoins are kept in deep storage vaults with Bitcoin company Xapo, where they are protected by intense cryptographic and physical security.

CoinFestUK will feature a speech by Digital Catapult, a talk on Bitcoin and UK law, physical bitcoin assets, and even a live demonstration of a neBitcoin and UK law, physical bitcoin assets, and even a live demonstration of a nebitcoin assets, and even a live demonstration of a new game.

Whereas it is not possible to physically hold your Bitcoin balance, there is a way to give them a physical representation by funding physical coins with BTC.

In order for Bitcoin to reach a level of trust and usability by the general population, companies will require to approach the client in a physical and face - to - face manner, in order to solve doubts, provide that level of trust that the clients seek, and to make the new technologies accessible to all.

She further elaborated saying, that currency itself was once just like bitcoin — an idea assigned value by societies because people needed a medium to trade and that depended on «more on psychology than physical attributes.»