What is bitcoins? How does it’s works? And how to earn bitcoins?

what is bitcoin and how to earn itWhat is bitcoins?

Satoshi Nakamoto is the name associated with the person or group of people who released the original Bitcoin white paper in 2008 and worked on the original Bitcoin software that was released in 2009. The Bitcoin protocol requires users to enter a birthday upon signup, and we know that an individual named Satoshi Nakamoto registered and put down April 5 as a birth date. And that’s about it.

Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central repository or single administrator. The network is peer-to-peer and transactions take place between users directly through the use of cryptography, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

How does bitcoins works?

BLOCKCHAIN-The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.

PRIVATE KEY-A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

MINING-Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

WALLETS-A wallet stores the information necessary to transact bitcoins. While wallets are often described as a place to hold or store bitcoins,due to the nature of the system, bitcoins are inseparable from the blockchain transaction ledger. A better way to describe a wallet is something that “stores the digital credentials for your bitcoin holdings” and allows one to access (and spend) them. Bitcoin uses public-key cryptography, in which two cryptographic keys, one public and one private, are generated. At its most basic, a wallet is a collection of these keys.

How to earn bitcoins?

Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.

It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.

1 BTC= 100,000,000 Satoshi

The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC). The unit has been named in collective homage to the original creator of Bitcoin, Satoshi Nakamoto.

There are some websites for earn bitcoins. Earn free Bitcoins by completing tasks on websites.

  1. freebitcoin
  2. btcclicks
  3. coinbulb
  4. bitfun
  5. bonus bitcoin
  6. moon bitcoin
  7. bit game
  8. daily free bits
  9. mellow ads
  10. bitcoinker

 

 

WHAT IS THE DIFFERENCE BETWEEN Bluray , CAM, Webrip, BRRip, BDRip, DvdRip, HDTV, Web-DL ?

If you are a movie maniac and love watching movies at home by downloading them you would read terms like Bluray , CAM, Webrip, BRRip, BDRip, DvdRip, HDTV, Web-DL etc in their daily lives, you should be knowing that all these are different types of pirated movie release formats.

BRRip – Its a DVD format for the storage of HD and UHD video and data, designed to supersede the DVD format, called BD (BlueRay disk)

BDRip – term used for same format encoded directly from the BluRay disk, not equivalent to BD but better than DVD in 720p/1080p formats

CAMRip – Its a movie recorded in theater; also called theater rip usually done with a digital video camera

DVDRip – Copy of movie ripped from DVD having similar or lesser resolution HDRip – ripped from HD movie HDTV – movie recorded from content aired on HD television WebRip – Content ripped from a non-DRM streaming service, such as Hulu, Crunchyroll or WWE Network. Similar quality as WEB-DL

WEB–DL – This is a movie or TV show downloaded via an on-line distribution website (web download), such as iTunes. The quality is quite good since they are not re-encoded. An advantage with these releases is that they mostly have no network logos on screen, just like BD/DVDRips.

Asian Silvers / PDVD – Silvers are very cheap and easily available in a lot of countries, and its easy to put out a release. PDVDs are the same thing pressed onto a DVD.