Everyone wants to be rich and for this, they pick out different methods. Some of those ways are easier and quick to work, while others are not so much. Cutting to the chase, one of the quickest ways to become rich is Bitcoin – the most valuable cryptocurrency out there. There are many ways to earn bitcoin here we are going to tell you how to earn bitcoin in the easiest ways possible.
By Completing Tasks On Websites:
The simplest way to earn bitcoins is carrying out simple tasks on certain websites. Some of the websites that offer Bitcoin in exchange of the tasks carried out by their visitors are BitVisitor, CoinWorker, and BitForTip.
By Accepting Them As Payment:
If you are running a business, big or small; introduce Bitcoin as an additional payment option. That’s probably even easier than the one mentioned above: you already have an established business and a client base. All you have to do now is convert the entire client base, or a portion of it to paying you in Bitcoin.
Mining is a bit slow method to earn bitcoins, but it is also the most common one. Mining requires a special combination of hardware and software for the generation of new Bitcoin blocks. However, the process is relatively expensive and requires a constant supply of electricity which makes it slightly out of reach for a common folk.
So, these three are the most common Bitcoin earning methods for those wondering how to earn bitcoins. Choose one that’s most convenient for you.
Mastercard, which is considered as a payments giant has filed a patent, suggesting that it sees blockchain as a mean to protect the identity data. The U.S. Patent and Trademark Office (USPTO) released an application on last Thursday, that Mastercard has defined a system in the application, in which a semi-private/private blockchain would be used to collect and store identity information, including; name, tax identification number, and street address.
The Mastercard company has stated in the filing, that the technology could help it to block the use of false identity data inside its systems, as it initially succumbed back in September 2017 and it seems like the Mastercard and blockchain get along with each other quite well.
Mastercard Company Statement
According to Mastercard:
“The use of a blockchain for the storage of identity and credential data may provide for an immutable storage of such data that can provide an accurate verification thereof and also prevent the fabrication of such data.”
The network proposed by Mastercard would just permit specific nodes to submit data. These authorized-nodes would work to avert the data addition that may negotiate the precision of the data stored within. The filing also elucidates that data files for all entities will be generated by the system respectively, which would be linked to a public key as well as geographic authority. The entities would be subsidiary, whereas a superior entity would carry out a digital sign on their data files.
Mastercard Approved Nodes:
Only nodes approved by Mastercard can update the identity information inside the system and according to Mastercard, the projected system could perhaps substitute other ways of demonstrating the identity that might be vulnerable to forgery and imprecisions.
The company also said:
“In such instances, it may be difficult for an entity to disprove a false identity, leading to an interaction with an inauthentic individual or entity. Thus, there is a need for a technical solution to provide for the immutable storage of identity and credential data that may prevent fabrication and inaccuracies.”
Until now, Mastercard has submitted numerous patent applications related to the blockchain. One filing proposed an infrastructure that could enable refund services for the users of cryptocurrency. Another filing explained a blockchain based database that could promptly process payments, notably dropping the transaction settlement times. Also, the payments tech company announced that it was going to hire 175 new technology developers, as well as blockchain specialists.
Reviews about bitcoin is the most interesting topic ever. As we know that bitcoin has its own worth. In that case, richest people of the world are not dumb. They know the trend of the financial markets. In the same way, richest people of the world seems interested in bitcoin technology. Some of them also give positive reviews about bitcoin world and do some transactions.
Few perks of bitcoin review are, no banking agony, no transaction’s fee even less inflation. In this article, I’ll tell you about the reviews of richest persons in the world about bitcoin technology.
The founder of Microsoft and the richest person in the world said that ‘’ bitcoin is better than the currency “which means he accept the bitcoin. As we know that Bill Gates foundation works on the serious social issues of the society.
As he said, they help to poorer how to have no excess to the banks. Ironically, if they have, then transactions fees don’t let the enough amount. In that scenario, they need to send and receive money in an easy way. For example, everybody in the world knows the use of mobile phones. People know how to utilize themselves with this technology.
The only solution of this inflation is the use of digital currency. Bitcoin is the most dominant contestant in the list of digital currencies. He completely focusses on the present situation of poorer. His reviews about bitcoin are, “Bitcoin is exciting because it shows how cheap it can be. Bitcoin is better than the currency in that you don’t have to be physically in the same place and, of course, for large transactions, currency can get pretty inconvenient.” Which clearly proves that next era is bitcoin era. Including banks and financial institutions are going to change infrastructures as well.
He is the second richest person in the world. CEO of Berkshire Hathaway stats ‘’ yeah it is a very fast money order anonymously’’.
Dr. Eric Schmidt
He is executive chairman of Google and also holds a Ph.D. in computer science with the wealth of $8.3 million. He admires that the currency with no duplicate in digital currency, useful for many computer applications. In fact, most of the people do business with bitcoin. Which clearly means that people’s trend about payments and buying goods has to change to the digital system.
As he states, “Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has an enormous value”.
He is a founder of the virgin group comprising more than 400 companies. Richard seems to interested in bitcoin investments and also support it.
He clears the thing that bitcoin is the future.
“If people have lots of bitcoin and they want to go to space, I much rather they spend that money on a spaceship.”
Above discussion describes the trend of a financial market about bitcoin. A large number of richest persons are interesting to invest in bitcoin.
According to a Financial Times report, China became the country with the most patent filings for Blockchain technology to the WIPO (World Intellectual Property Organization) in 2017. Thomson Reuters collected data from the international patent organization which shows that in 2017, overall 406 patents were filled, from which more than 225 were from China.
At this time, Tech companies from all around the world are rushing to patent their innovative systems developed by using blockchain tech, which is just like a game changer supply chain management.
Last year, patent applications for Blockchain technology got tripled. An editor at Thomson Reuters’ Practical Law, Alex Batteson said:
“Companies are moving fast in order to protect their ideas in new areas of technological development — long before the technology actually goes to market.”
From 2012 to 2017, Chinese companies held the sixth spot out of the top nine filers for Blockchain patents. Even though all patents didn’t lead to feasible products, but the data remained substantial in that as it shows activity in a particular area of industry and could produce blocks to the entry.
Filed Patents from 2016-2017
China filed 225 patents in 2017 and 59 patents in 2016, while the US filed 91 patents in 2017 and 21 in 2016. Australia in on the third number with 19 and 13 blockchain-related patents in 2016 and 2017, individually.
A patent is an essential tool for any company in order to attract investment. If we talk about the US, then MasterCard, which is a payment processing giant had filed 25 patents for blockchain at the same time. Also, Lichtenstein’s nChain Holdings, which is considered as the worldwide leader in development and research of blockchain technologies by itself has filed 18 applications.
But one thing, that should always be remembered is that not all companies patent their innovations. Also, all patents don’t result in the formation of a workable product/use case. However, according to Thomson Reuters, the patent information imitates activity in a certain sphere and produce entry barriers.
Is Chinese government taking interest in the Blockchain Technology?
The Chinese government is officially taking an interest in the development of Blockchain technology in the country. As there’ve been many reports, the Investment Association of China has approved the development of a Blockchain Development Center.
As well as, list of objectives was published by the Chinese Ministry of Industry and Information Technology on 23rd March, to boost the development and regularization of Blockchain technology.
The price of Bitcoin climbed above $3,500 and at the moment it is standing a little above $4,200. While some people are doubtful towards this gradual increase in value, Veteran trader masterluc says otherwise. He’s made a prediction that Bitcoin will be worth $15,000 by the end of 2017. He claims that this bull run will continue into 2019 where the price will top out anywhere in between $40,000 and $110,000.
Masterluc is said to have a history of being right in his predictions, and many experts agree that the rise will continue for a while longer, which could have some major consequences for paper money.
Bitcoin recently celebrated its market cap crossing over $50 billion as it tripled the price of gold. Predicting the future of the digital currency is not an easy task especially when its reign shows no sign of ending.