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What is Simple Payment Verification (SPV) In Bitcoin?

SPV, or Simplified Payment Verification, is a type of security used by Bitcoin users. Under this system, Bitcoin users can verify that a transaction is valid without having to download the entire blockchain. This is possible because each block in the blockchain contains a hash of the previous block. As a result, each block can […]

How Digital Currencies are Regulated in Canada

One of the biggest aspects of any currency involves how it is regulated. With the growth of digital currencies, this topic has been thrust into the spotlight once again. The idea of regulation with respect to digital currencies has been a major focus of debate. While this might not have been a major topic of […]

Is it possible to use radio waves to transmit bitcoins

The concept of issuing Bitcoin transactions over the radio has been around for several years. This technology converts money into data or content, which can then be transmitted over any communication system. People do not always realize that the Internet is only one of several possible transfer mechanisms. The Internet is not mandatory for transferring […]