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If you have been asleep for about five years and haven't heard about Bitcoin and digital currency yet, it's time to wake up. After only a few short years , Bitcoin has generated a market cap in the billions and is gaining traction in every country in the world. Many ask why and for what reason does this ‘currency' deserve the spotlight? How is Bitcoin and digital currency different from any existing currency we use currently? And the grand question everyone is asking , "Is this just a passing fad?” The market has generated some myths and fallacies that we address in this article and by doing so, we hope to give you a little more insight into Bitcoin, why it exists and where it is going. First of all, what is Bitcoin? It is a peer to peer transaction chain that can be stored and is designed to be used for spending on goods and services. More specifically, it is a hash code using the strongest encryption technology we have to date where the record is kept transparently, securely and anonymously with redundancy throughout the Internet. The ‘blockchain' is the source of bitcoin and the store of transactions that occur in the Bitcoin world. This blockchain is hashed or mined to match transactions and when new Bitcoin are discovered, they are awarded to the miner that processed them. There are many pools (private and public) that group together efforts to mine for Bitcoin and even though there are individual miners, these pools make up the majority of the petaflops currently being hashed which is devouring the network in search of (string values to match. So, you don't know anything about mining, you are not technical, you know nothing about ‘blockchains' or ‘hashing' or you have no clue where to start to collect Bitcoin. Maybe you do understand the concept and how Bitcoin works but still need assistance with start to finish creation of a Bitcoin generating product or service. There are multiple resources where you can find information on how to start generating Bitcoin. The best we have found so far is http://www.bitboxy.com, but do your research as there are a lot of websites being developed devoted to Bitcoin and digital currency. A great short video we from bitboxy detailing the basics of Bitcoin and digital currency http://youtu.be/M5LFmjJgpts. Make sure you research and understand where the best entry point into Bitcoin is. If you are already conducting business in Bitcoin, there are plenty of ways to improve and become more efficient. The best resource on the web to research information and services for Bitcoin. Bitcoin and Business - It's a Natural. When you need to find information or services to earn Bitcoin, find them at Bitboxy.com. Bitcoin plus Business equals Bitboxy.
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