Economics education

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An Economics Education by Bitcoin – Part III

Monday, July 10th, 2017

There are a number of these Web-based Bitcoin wallets from which to choose, and they have different features, costs, and reputations to review and consider. Do you need merchant tools? Do you need currency exchange services? Do you need “cold” vault storage? Do you want multi-factor authentication? Whatever you need, there’s someone out there offering to provide it for you.

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Mobile Education Is The Way Of The Future

Sunday, July 2nd, 2017

For a nation to develop economically, education plays a very crucial role. The traditional means of providing education is where the students and teachers sit in the class and interact face-to-face with one another. The learning in this particular form takes the shape of group based learning wherein the teacher plays the crucial role. For students, their presence in the class and their participation in the group discussions are a part of the curriculum of the institution. The role of the teacher is not only of fulfilling the classroom schedules but also to assess and prepare the course materials.

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An Economics Education by Bitcoin – Part II

Sunday, June 25th, 2017

The first Bitcoin wallets were integrated with the distributed systems which talked to each other to reach a consensus on transactions which had taken place. This consensus is called the “block chain.” Each transaction is recorded in the block chain, showing whose authority was used to transfer that value in Bitcoins, and which new authority controls them. Being distributed rather than centrally-controlled, the nodes hear about transactions through the proverbial grapevine and then compare notes, following a predetermined algorithm to settle discrepancies. As more nodes come to a consensus about the validity of a transfer, it becomes more indelibly recorded in the block chain. Since the block chain contains the entire recorded history of every transfer that was ever made of every Bitcoin that ever existed, it continues to grow, so streamlined wallets have been designed which store Bitcoin codes, but which are dependent upon third-party “full” nodes for verifying and recording transfers. These are ideal for mobile devices with limited resources, but are not limited to such devices. The choice between utilizing a full or a streamlined wallet is the first of many decisions a Bitcoin market participant has to face.

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