When you use Bitcoin, you’re sending and receiving information about transactions. It uses three major concepts to do this: supply and demand, cryptography, and decentralized networks. The Blockchain stores all this data in the Blockchain. When a transaction is created, the blockchain is updated with the inputs that were given.
Countries Where Bitcoin Is Not Taxed
There are several countries that are not taxed on Bitcoin. These include Switzerland, Gibraltar, Portugal, and El Salvador. These countries are great places to invest, as they do not have capital gains taxes. However, the rules for these countries vary, and you must do your own research to determine the […]
What Happened to Bitcoin Yesterday?
While the S&P 500 has been sluggish in the past year, cryptocurrencies are seeing thousands of percent increases over the past few months. That is despite the fact that cryptocurrencies have a speculative nature. Bitcoin, the most popular of all cryptocurrencies, has gained over 500 percent in the past year. […]
How Do Bitcoin Halvings Affect You?
A Bitcoin halving is an event that occurs after every two-tenths of a million block cycle. This event reduces the profitability of bitcoin miners, slowing the growth of the total supply of bitcoin. Since the rewards for mining bitcoins are decreasing, the number of miners is decreasing. This is especially […]