Archives for Bitcoin

Why the World Needs Cryptocurrencies

Why the World Needs Cryptocurrencies

08/25/2014 | By: Preston Hood | 1 Comment

If you have never heard of the term “cryptocurrencies” then please read my other article Cryptocurrencies A Possible Alternative to Traditional Banking before you read this one.   Why Cryptocurrencies Are Critical To Our Freedom Cryptocurrencies bring a simple choice to people today and that is the choice to be in control of your money or for a bank to be in control. At this point in time I don’t think Bitcoin and other cryptocurrencies are at the point where everyone should go out and invest all of their money into, that would be foolish, but that does not mean
Read More

Categories: Information Technology, IT Security, and Preston Hood.
Tags: Anonymity Networks, Bitcoin, Bitcoins, BitTorrent, Cryptocurrencies, Cryptography, Five Eyes, FVEY, Governments, and Tor.
Cryptocurrencies A Possible Alternative to Traditional Banking

Cryptocurrencies A Possible Alternative to Traditional Banking

08/19/2014 | By: Preston Hood | No Comments

If you have never heard of the term “cryptocurrency” let me break it down for you. In this case the word “crypto” is used as a reference to Cryptography which involves the use of mathematics, computer science, and electrical engineering to secure data. And as you should know the word “currency” usually refers to money as a medium of exchange. When you put the two together it means currencies that use Cryptography to secure the transactions and to control the creation of new units.   What Cryptocurrencies Are In the most basic definition cryptocurrencies are currencies that use Cryptography to
Read More

Categories: Information Technology, IT Security, and Preston Hood.
Tags: Bitcoin, Bitcoin Mining, Bitcoins, Cryptocurrencies, Cryptocurrency, Cryptography, Digital Signatures, Dogecoin, Hashing Algorithms, Litecoin, Mastercoin, MazaCoin, miners, Mining, Namecoin, Private Keys, Public Keys, scrypt, SHA-256, and Transaction Block Chains.