How does Bitcoin work?

The basics for a new user

As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once.

Balances - block chain

The block chain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. The integrity and the chronological order of the block chain are enforced with cryptography.

Transactions - private keys

A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining.

Processing - mining

Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system. To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends.

Going down the rabbit hole

This is only a very short and concise summary of the system. If you want to get into the details, you can read the original paper that describes the system's design, and explore the Bitcoin wiki.

ABitBack.com - Earn a lot of Bitcoin!

There are several ways for you to earn. The best place to start would be the 'Offers' tab. If you're new, I would recommend the SuperRewards Offerwall! Hover over the Offers tab and choose an Offerwall. You can also earn by sharing your unique referral link. Sharing your referral link will give you a passive income, earning you a bonus 10% of each of your referrals income.

There are also Offers not provided by Offerwalls. These offers; after completion, must be submitted.

When hovering over the 'Offers' tab there is the option to click *SuperRewards, *Matomy, SuperSonic etc... Each tab containing an * links to an offerwall. An Offerwall provides you the user the chance to redeem points. 200 points = 1 USD. 1 point = 0.00001BTC x Bonus (125% atm, subject to change)

Here you will see all the different types of free offers ( including Watching videos, Surveys, Quick Submits, Trial offers etc ) Geo targeted to your location; you will only receive offers available to you.

Offer walls rewards points which can be user to redeem vouchers and/or bitcoin. If you want a particular voucher not listed, email at admin@abitback.com, I'm sure the admin can work something out. He might even add it to the list of reward!

SIGN-UP NOW!

IdleProcessor - Earn Money for doing NOTHING!

What They Do - At Idle Processor Utilization Services, LLC, they purchase unused/under-utilized/idle computer processing power. We pay our providers (you) a fair price, then they re-package and sell it at a profit. 100% OF THEIR ANNUAL PROFITS are distributed to the Members, which includes all Division Account Managers. It is their goal to distribute the ownership of Idle Processor Utilization Services, LLC, equally, to ANY Member who wishes to invest time, money, and energy into this endeavor. This is not altruism - this is fair compensation for hard work, planning, and execution.


What WE Do - We EARN MONEY by simply downloading our Process Software, then leaving our computers on. That's it. No purchase is necessary at all for we to earn money. Simply Register (below), and download the process software. That's it.


Of course, you can easily multiply your earnings if you wish, although doing so is not required. You may build a referral list (you make % of referral's earnings), you may upgrade your membership, you may build (or buy) a downline, you may install more computers, etc. The possibilities - and the earning potential - are endless. What you earn is completely up to you! Mission Statement -To provide a viable, desirable, and reputable service at a competitive price, while at the same time fairly compensating all contributing Members.


Join now!
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MyBrowserCash.com - Earn Cash Browsing the Web!

My Browser Cash is a software application that allows you to earn money doing what you already do, browsing the internet! (Using Firefox or Internet Explorer, Chrome is currently not supported).

Unlike most "Paid To Click" & "Paid To Read" sites, you do not have to be logged into the members area to earn cash Browsing the web.

The software lets you browse just like you normally would but earn cash for viewing, clicking or taking action on advertisements. (note: It do NOT disclose which websites pay for viewing, clicking or taking action to protect the system and advertisers, though i can tell you browsing popular ecommerce sites like ebay, amazon etc is a great way to maintain a steady daily income). 

While you go about searching and browsing as you normally would, every so often our system will display advertisements (or by embedding them seemlessly into sites you visit so you will be making money and not even know it!). 

They have multiple ways of showing advertisements and we keep them as non-intrusive as possible. You will see popups once and a while, and sometimes words on pages will be linked to advertisers, and when searching or browsing a site you may see a little text ad on the site. Popups and text boxes are branded with the MyBrowserCash name. 

For the most part you won't see much difference from your normal browsing experience. They then take the money generated from these ads and share it with you!

So what you waiting for start to earn money!?

Sign-Up Now!