A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution. Digital signatures provide part of the solution, but the main benefits are lost if a trusted third party is still required to prevent double-spending.
It was a mere 81 days ago that the Bitcoin Cash Hard Fork occurred, and here we are again, awaiting the coming of the Bitcoin Gold Hard Fork. Of course, there is yet one more planned Hard Fork coming in late November, with the Segwit2 Implementation, as well.
The technical aspects of Bitcoin can be quite confusing, even for the most seasoned computer programmer, let alone the average person. While it is not necessary to fully understand how Bitcoin works to reap the benefits of its existence, it is paramount that everyone understands what a Bitcoin wallet is, the different types and which one is most secure.
On some exchanges you are allowed to lend Bitcoin (or any other cryptocurrency) to the people trying to go short (bet that the currency will fall). It’s very similar to p2p lending, but instead lending Bitcoin to people who are going to invest it in some unknown activity, you are borrowing to people who trade.
BTC lending platforms are places on which you are able to borrow from someone and lend to someone Bitcoins. Like in the normal banking, the borrower promises a specific interest rate to the lender for getting the BTC.
BTC Savings Accounts play a big part of the Bitcoin Banking Eco-System. They can be metaphorically viewed as the air our lungs require or as the oil all machines need.