{"id":21780,"date":"2017-12-19T21:35:33","date_gmt":"2017-12-19T20:35:33","guid":{"rendered":"https:\/\/www.in-diem.com\/bitcoin-blockchains\/"},"modified":"2017-12-19T21:35:33","modified_gmt":"2017-12-19T20:35:33","slug":"bitcoin-blockchains","status":"publish","type":"post","link":"https:\/\/www.in-diem.com\/en\/bitcoin-blockchains\/","title":{"rendered":"Bitcoin &#8211; Blockchains"},"content":{"rendered":"<div class=\"vgblk-rw-wrapper limit-wrapper\">\n<div class=\" et_pb_row et_pb_row_0\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_0\">\n<div class=\"et_pb_text et_pb_module et_pb_bg_layout_light et_pb_text_align_left et_pb_text_0\">\n<div class=\"paragraph\">\n<h2><span style=\"color: #000080;\"><strong><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">W<\/span><\/span><\/strong><\/span><strong style=\"color: #000080; font-size: 16px;\"><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">hat is B<\/span><\/span><\/strong><strong style=\"color: #000080; font-size: 16px;\"><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">itcoin&#8230;?<\/span><\/span><\/strong><\/h2>\n<p>Technically: <b>Bitcoin<\/b> is the term used to name a <strong>transferable digital asset<\/strong> that also has a finite number set at 21 million.<\/p>\n<\/div>\n<div class=\"paragraph\">\n<p><strong>Bitcoin<\/strong> is a virtual currency that can serve as a medium of exchange, payment, or investment; however, unlike other currencies, <strong>it is defined as a decentralized<\/strong> <strong>electronic currency<\/strong>, meaning no one controls it.<\/p>\n<\/div>\n<div class=\"paragraph\">\n<h2><span style=\"color: #000080;\"><strong><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">How are they generated?<\/span><\/span><\/strong><\/span><\/h2>\n<p>Bitcoin does not have a central issuer like dollars or euros; the cryptocurrency is produced by individuals and companies worldwide dedicating significant resources to &#8220;mining.&#8221;<\/p>\n<p>To be generated, <strong>a computer code\/algorithm is used<\/strong>.<\/p>\n<p>The system is programmed to generate a fixed number of bitcoins per unit of time through computers called <i>miners.<\/i> Currently, that number is set at 25 bitcoins every ten minutes<i>,<\/i> although it is programmed to halve every 4 years. Thus, from 2017 onwards, it is expected that 12.55 bitcoins will be issued every ten minutes. <strong>Production will continue until<\/strong> 2140, when <strong>the cap of 21 million units in circulation is reached<\/strong>. <\/p>\n<h2><span style=\"color: #000080;\"><strong><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">Who created it?<\/span><\/span><\/strong><\/span><\/h2>\n<p><strong>No one knows<\/strong>. <strong>It is a mystery<\/strong>. Only a pseudonym of its author or authors is known: <strong>Satoshi Nakamoto<\/strong>, and reference is made to a scientific article published via the Cryptography Mailing List in November 2008. Many rumors exist, but nothing is certain.  <\/p>\n<\/div>\n<p><strong style=\"color: #000080;\"><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">What is Blockchain?<\/span><\/span><\/strong><\/p>\n<div class=\"paragraph\">\n<p>Blockchain is the name established for the technology known as a data block that forms each transaction within the network of &#8220;mining&#8221; computers.<\/p>\n<\/div>\n<div class=\"vamtam-video-frame\"><iframe title=\"Manual para entender blockchain | EL PAIS RETINA\" width=\"1280\" height=\"720\" src=\"https:\/\/www.youtube.com\/embed\/tRymoSFfOnA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/div>\n<p><strong style=\"color: #000080;\"><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">Bitcoin, a bubble?<\/span><\/span><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>This question is very difficult to answer. There is a lot of information suggesting that Bitcoin is another bubble like the &#8220;tulips.&#8221; Conversely, there is also a lot of information claiming that 1 bitcoin will trade for more than $100,000&#8230; One thing is certain: as of today, 12\/19\/2017, one bitcoin trades for more than \u20ac15,000.   <\/p>\n<p>The reality is that <strong>no one knows,<\/strong> and anything can happen.<\/p>\n<h2><span style=\"color: #000080;\"><strong><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">More info&#8230;<\/span><\/span><\/strong><\/span><\/h2>\n<p>In subsequent posts, we will explain what exchanges, ICOs, and altcoins are. Also, more terminology related to cryptocurrencies. <\/p>\n<div class=\" et_pb_row et_pb_row_0\">\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_0\">\n<div class=\"et_pb_text et_pb_module et_pb_bg_layout_light et_pb_text_align_left et_pb_text_0\">\n<div class=\"paragraph\">\n<p>For more precise information, we provide a document from the <strong>Bank of Spain<\/strong> on Bitcoin, issued in 2014, as well as a joint statement from the CNMV and the Bank of Spain from 2018.<\/p>\n<p>[gdlr_styled_box content_color=&#8221;#ffffff&#8221; background_color=&#8221;#9ada55&#8243; corner_color=&#8221;#3d6817&#8243;] <strong>BITCOIN<\/strong>: <a href=\"https:\/\/www.in-diem.com\/wp-content\/uploads\/2017\/12\/Nota_informativa_Bitcoin_enero2014.pdf\"><strong>BANK OF SPAIN REPORT.<\/strong> Date 2014. PDF Format<\/a>[\/gdlr_styled_box]<\/p>\n<\/div>\n<\/div>\n<p>[gdlr_styled_box content_color=&#8221;#ffffff&#8221; background_color=&#8221;#9ada55&#8243; corner_color=&#8221;#3d6817&#8243;] <a href=\"https:\/\/www.cnmv.es\/loultimo\/NOTACONJUNTAriptoES%20final.pdf\"><strong>Joint statement from the CNMV and the Bank of Spain on<\/strong> \u201ccryptocurrencies\u201d and \u201cinitial coin offerings\u201d (ICOs)<\/a>[\/gdlr_styled_box]<\/p>\n<\/div>\n<p><strong style=\"color: #000080; font-size: 16px;\"><span style=\"font-family: arial;\"><span style=\"font-size: x-large;\">Cryptocurrency Lawyers IN DIEM.<\/span><\/span><\/strong><\/p>\n<div class=\"et_pb_column et_pb_column_4_4 et_pb_column_0\">\n<p>The <strong>IN DIEM Abogados<\/strong> practice area specializing in <strong>Cryptocurrencies and Bitcoin<\/strong> has extensive experience and a high degree of knowledge in New Technologies and Cryptocurrencies. We operate and advise not only in relation to the virtual currency <strong>Bitcoin<\/strong> but also with all existing cryptocurrencies including: <strong>Ethereum<\/strong>, <strong>Ripple<\/strong>, <strong>Litecoin<\/strong>, <strong>Dash<\/strong>&#8230; and investments in <strong>ICOs<\/strong> (Initial Coin Offerings), offering our clients the appropriate operational strategy and the necessary advice for their transactions and investments.<\/p>\n<p><strong>IN DIEM\u2019s highly <\/strong>specialized <strong>Law and Cryptocurrency Practice, <\/strong>comprised of a <strong>multidisciplinary team<\/strong> of <strong>IT<\/strong> <strong>specialists<\/strong>, <strong>financial<\/strong> <strong>experts<\/strong>, and <strong>attorneys,<\/strong> will provide secure support for the development of your operations and investments; providing technical and operational resources to analyze potential investments and transactions, assist with mining operations, or implement regulatory and legal compliance frameworks.<\/p>\n<p>If you require further information, you can click <a href=\"https:\/\/www.in-diem.com\/en\/abogados-criptomonedas-bitcoin\/\"><strong>HERE<\/strong><\/a>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><!-- .vgblk-rw-wrapper --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is Bitcoin&#8230;? Technically: Bitcoin is the term used to name a transferable digital asset that also has a finite number set at 21 million. Bitcoin is a virtual currency that can serve as a medium of exchange, payment, or investment; however, unlike other currencies, it is defined as a decentralized electronic currency, meaning no&#8230;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_joinchat":[],"footnotes":""},"categories":[4332,4269],"tags":[5438,1359,1209,5439,1212,1215,1208,1323,1207,1210,1214,1203,1204,1213],"class_list":["post-21780","post","type-post","status-publish","format-standard","hentry","category-cryptoassets-blockchain-and-web3","category-cryptocurrencies","tag-advisory-2","tag-bitcoin","tag-coria-del-rio","tag-cryptocurrency-4","tag-dos-hermanas","tag-estepona","tag-las-palmas-de-gran-canarias","tag-legal","tag-madrid","tag-mairena-del-alcor","tag-mairena-del-aljarafe","tag-malaga","tag-sevilla","tag-tomares"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>What is Bitcoin? - Bitcoins - Blockchains - IN DIEM Lawyers<\/title>\n<meta name=\"description\" content=\"Cryptocurrency and Bitcoin. 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