Since the unleashing of the bitcoin code onto the world as an open source digital asset, many have tried to fork the code and do much more with the with the underlining technology known as blockchain. While many have simply forked and the SHA256 algorithm with competing products based on other algorithms such as scrypt nscrypt and now dagger.
Ethereum creator Vitalik Buterin envisioned a sort of a programmable blockchain. Based on smart contracts its a very powerful tool. In this Article I will try to cover the basics of ethereum so that you get clear picture of what it is and why its important. I think the best words of what ethereum is are on its website “Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.” Similar to bitcoin blockchain the ethereum blockchain requires ether to make or setup contracts and build decentralized apps based on those contracts. It is important to note that ether or ehterium being used directly will be very costly, but using it as contract based setup makes it cheap, fast, secure and unstoppable.
Mining ether is one topic being googled alot recently since it has risen in price while bitcoin price has fallen of a bit. This is even more visible when the rates of bitcoins start to rise we see the fall of price in eth or ether the fuel of ethereum blockchain. Mining is done through a program called geth which is a communicator between ether network and your system. Block generation time is very small so mining is not that difficult since there are no ASICs available for this algorithm you can look into mining it with cpu or gpu. A full tutorial on how to mine eth the fuel of ethereum can be found here.
Is ethereum the new bitcoin, most certainly not. Its a reprogrammable blockchain which can be used with contracts based programming to improve and build decentralized apps with incentives.
I will be covering details on how to use urdubit in video tutorials here in this blog post. Hopefully all your questions will be answered here. If you do however have any questions please register and ask in the comments section. Also share this article so that people can learn about bitcoin in Pakistan.
User Created Video (Updated)
My Video 1
Verification on urdubit is an important setup and we wont allow you to deposit or withdraw pkr unless you are verified. Like all international trading platforms we want our countrymen to be safe and secure hence we follow standard KYC/AML procedures to ensure that you are really you. So lets get this part out of the way so you can start buying or selling bitcoins.
Video Part 2
Video Part 3:
This is a detailed video of how to buy and sell bitcoin bitcoin in Pakistan. Most people have this problem as there was no trading platform before this. Rest assure this was very secure and you will have fun if you use it once or twice.
Idea of online earning is not an old one. We have seen many websites launched that are now selling “adpacks” or “advertisement upgrades” promising you to earn by working online. While there are many of these that make you invest upfront there are few that are completely free. The reason I wanted to write about this is because many people call us and ask how do we make money online.
Earning online, or earning bitcoin or btc is not a simple task. I tell people you have to work hard and the best way to earn especially bitcoins in Pakistan is to go to sites like fiver or my personal favorite xbtfreelancer (well they pay in bitcoin ;)) is the way to go. These are freelancing websites that offer you payments for your skills. Pakistan is now the 3rd largest freelancing producer in the world. And with recent news coming out about how freelancers are working to earn online in Pakistan the standings will only improve while providing job opportunities.
To add to this I have seen many people who do not have the skill set to work on these sites or find it very hard to compete against the set players in the field. For the later (while I dont promote these often I am telling people about this so they can give them a try) I suggest looking to something called ads viewing or clicking. These websites are pretty straight forward all you have to do is signup click on view ads or my advertisements and just click on ads and watch the ad for a few seconds. The ad window should be active for getting credited for the ad. These sites pay in multitude of payment methods with bitcoin being one of them. I would strongly suggest against buying any sort of upgrades etc from these websites and I dont run any of them. I have just been testing out a few sites such as ads4btc (video)and adfiver. You can also go on something like ifaucet and earn through faucets.
Please take note that I dont own or know about these websites. But I am testing these out just to let people know if they actually payout. I also recommend that dont buy and upgrades from these sites instead there are many sites offering this free and you can simply signup on multiple sites rather then buying adpacks or upgrades etc.