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Bitcoin Essays

Twitter Bitcoin Scam

Introduction On July 15, 2020, about 130 high-profile Twitter accounts were compromised to promote a Bitcoin scam. The perpetrators gained access to the administrative tools of Twitter to post the Bitcoin scam tweets directly (Anderson and Saleh 2021, p. 7). They seemed to have used social engineering to access Twitter’s administrative tools through Twitter employees. ... Read More
Pages: 14       Words: 3675

Bitcoin Processing for Payments

Scenario Overview In this scenario, I have been given a responsibility as an online retail store with Bricks and Mortar together with virtual sales. The organization is looking forward to accepting Bitcoin for buying and selling products online. This will mainly involve all products that are sold on the website. However, Bitcoin will not have ... Read More
Pages: 3       Words: 656
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Lightweight White Paper for a Fictitious Initial Coin Offering (ICO)

Abstract The white paper provides a current problem and describes a solution to the problem effectively. It highlights the main goal of the project and the technology of the new program that would provide the best choices of bitcoin technology. Blockchain technology is employed to protect the first coin offering project. It tracks and configures ... Read More
Pages: 5       Words: 1204

Does Cryptocurrency Pose More Benefits Than Challenges?

A cryptocurrency is a digital currency that offers more security with less external control. Since the development of cryptocurrencies, many people and organizations have adopted this form of currency. The idea between the digital currencies was to give total control to the currency’s owner. Governments do not interfere with digital currencies in any way. The ... Read More
Pages: 7       Words: 1779

The Pros and Cons of Cryptocurrencies

Overview Today’s digital money is called cryptocurrency, and it is a digital or virtual currency encrypted by encryption to prevent counterfeiting. Most cryptocurrencies are based on decentralized networks based on blockchain technology; an open-source distributed ledger maintained by a worldwide network of computers. The bitcoins could not be manipulated by a government since no central ... Read More
Pages: 9       Words: 2307
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