Getting started with bitcoins and Ether- A brief summary for people in Nairobi.

The first step in getting started with bitcoin or Ether is by setting up a bitcoin or Ether wallet.

A Safaricom shop in Nairobi

A bitcoin wallet is a software that connects you to the bitcoin network thereby allowing you to buy and sell value. 

There are different types of wallets; 

Why Bitcoin mining could be a sure bet for Nairobians.

Road side maize seller in Nairobi

If you are in Nairobi, chances are that you are looking for a profitable side hustle that is not too much involving. Not too much involving since you still need to keep your day job. You probably must have heard of Bitcoins and you are not sure if it is not another pyramid-like scheme that will collapse with your heard earned money. I am here to make things clear.

As the Bitcoin and Blockchain craze take root in Nairobi, here is a simple explanation of the two.

Nairobi is a buzz with the words; "Bitcoin", and "blockchain". But many can't really figure out how the two are related or what exactly is a bitcoin. I went to the web to find the best explanation of the two and found Professor Shai Rubin's  explanation. 

Professor Rubin explains that Bitcoin is not blockchain. Bitcoin is a digital coin, whereas blockchain is the technology that allows movement of digital coins from one party to another. Digital currency is just one of the many applications of the block chain technology.  Blockchain like any other new technology seeks to solve an existing problem. The following are the problems that blockchain seeks to solve;