Biothermal Energy Definition

Biothermal Energy Definition

What Is Biothermal Energy? Biothermal energy is a renewable energy source that seeks to generate electricity from the composting of organic materials. It is often used in agricultural applications, such as by exploiting the fibrous matter derived from sugarcane during sucrose extraction. Although biothermal energy is considered to be a viable source of energy production

Birake (BIR) Definition

Birake (BIR) Definition

What Was Birake (BIR)? Birake was a digital currency exchange platform launched in mid-March of 2018. It called itself the first “white label” service of this type. Birake also had its own blockchain, powered by the proof-of-stake Birake Coin (BIR). Cryptocurrency fans interested in running a decentralized exchange could purchase and download the software and

Monetary establishment for World Settlements (BIS)

Monetary establishment for World Settlements (BIS)

What Is the Bank for International Settlements (BIS)? The Bank for International Settlements (BIS) is an international financial institution offering banking services for national central banks and a forum for discussing monetary and regulatory policies. The BIS, which is owned by 63 national central banks, also provides independent economic analysis. Key Takeaways BIS serves as

Bitcoin Antique Definition

Bitcoin Antique Definition

What Is Bitcoin Classic? Bitcoin Classic was a proposed hard fork from Bitcoin Core that proposed increasing the maximum size of transaction blocks. Despite early successes, Bitcoin Classic has failed to be widely adopted by the bitcoin community and did not eventually materialize. Instead, Bitcoin Cash was the first successful fork to address larger blocks

Bitcoin IRA Definition

Bitcoin IRA Definition

What Is a Bitcoin IRA? Bitcoin IRAs allow for investing in various cryptocurrencies using retirement savings. Bitcoin IRAs act as self-directed IRAs provided by a few financial institutions in the U.S. that allow alternative investments for retirement savings. Essentially, an individual can retain other retirement accounts with traditional investments and separately engage in the self-directed option for cryptocurrency investments.

Bitcoin Mining Definition

Bitcoin Mining Definition

What Is Bitcoin Mining? Bitcoin mining is the process of creating new bitcoin by solving puzzles. It consists of computing systems equipped with specialized chips competing to solve mathematical puzzles. The first bitcoin miner (as these systems are called) to solve the puzzle is rewarded with bitcoin. The mining process also confirms transactions on the

Bitcoin Private (BTCP) Definition

Bitcoin Private (BTCP) Definition

What Is Bitcoin Private (BTCP)? Bitcoin Private is a community-driven cryptocurrency created in March 2018 from a Bitcoin (BTC) and ZClassic (ZCL) hard fork. The founder and principal developer was Rhett Creighton, who also founded ZClassic. The ultimate aim behind launching Bitcoin Private was to combine the inherent privacy-rich features of ZClassic with the flexibility, security, and