Agam Berry Explains How to Make a Paper Wallet for Bitcoins

Agam Berry helps in creating unhackable Bitcoin wallet in order to keep Bitcoins safe. The paper wallet allows you to transfer the Bitcoins into a paper just by printing from the printer. This makes it safe other than to save the coins digitally or on a hard-drive as it may involve the risk of losing them. Agam Berry explains the importance of a wallet The wallet has private and public keys that are used to either receive or send Bitcoins from and to people. The public key serves as the address that some people use it to send you Bitcoins. On the other hand, the private key is used by you to send other people Bitcoins. When you have the public key of other people and your private key, Agam Berry says you can make crypto-currency transactions a success. Private Key...

How Bitcoin Mining Works by Confirming Transactions

Compared to traditional fiat money systems, Bitcoin is not printed but rather, discovered. Computers “mine” for Bitcoins by competing against each other. Agam Berry explains how Bitcoin mining happens. The Process of Mining Bitcoins People send Bitcoins to each other all the time over the Bitcoin network. No one is able to keep track of who purchased what unless someone records all these transactions. According to Agam Berry, the Bitcoin network collects all the transactions made within a set period into a list called block. The miner’s job is to confirm such transactions and keep them into a general ledger. The ledger consists of a long list of blocks known as the block chain. This can be used to explore all the transactions occurred between Bitcoin...