Sentences with phrase «existing bitcoin owners»

A new cryptocurrency cloned from bitcoin, bitcoin gold is now in the process of «forking» to a new blockchain (with new rules), a process by which the bitcoin blockchain is copied and new digital assets are distributed to existing bitcoin owners.

Bitcoin owners received a surprise this August when a parallel version of the currency, known as Bitcoin Cash, was distributed to every existing bitcoin owner on a one - to - one basis.

Not exact matches

«At the moment, there is no specific regulatory protection that exists to compensate the owner or user of virtual currency, including Bitcoin for any loss that may be suffered, should the business fail or ceases to exist.

Usually, it will be done by a website that will purport to check if the key exists in its database, but will use the key instead of stealing Bitcoin from the gullible owner's wallet.