010715 fitag times news paper

Page 1

For Space Booking in

www.fitag.in

01 07 2015

Vol. 2, Issu No. 11, Page 8

For Space Booking in

FITAG ITAG TIMES

Wednesday

Ahmedabad, Gujarat

Monthly Edition

FITAG ITAG TIMES

ITAG

fitagtimes@fitag.in Sejal: 9824053863 Dhaval: 9824066111

FLOURISH KNOWLEDGE NETWORKING POWER PROTECTION

Mr. Kaushik Pandya Editor

of fight of our community against the OnLine Shopping menace. According to me, this is a paradigm shift and we all need to accommodate ourselves according to this shift. Those who fail to do so will vanish. We are trying hard to keep a safe distance between the channel business and online business with respect to the end users. But this is not possible to a longer extent. We will have to accept the change and adopt the newer model of business. Few days back, I was with a client where they had called a sign-age manufacturer also. To my surprise, he had his own

continued on page 3...

Sejal: 9824053863 Dhaval: 9824066111

An Introduction to Bitcoin: The Open Source Cryptographic Currency

-Editorial Dear Fitagians, Greetings!!! Efforts for formation of national level federation has come to a conclusion and finally, a unique and much needed Federation of All India IT Associations, commonly known as FAIITA, has been formed. Actually, this formation was done much earlier, but the formalization of the same has taken place on 28th June, 2015 at Mumbai during the third conclave of FAIITA. Fortunately, I and FITAG president, Mr. Gaurang Vyas got an opportunity to remain present at this gathering. A special report and all the points which has been resolved in this conclave has been covered on page 7 & 8 for the knowledge of readership. On the other hand struggle of survival continues in terms

fitagtimes@fitag.in

H

a v e you ever wanted to send money to India from a foreign country, or wished for a borderless currency that could easily be spent anywhere? Open source comes to your rescue here as well. In the always-connected world of devices, you can now use Bitcoin from anywhere with the privacy and anonymity that’s similar to using cash, and in a medium that is very secure. Bitcoin is an open source peer to peer cryptographic currency, which is quite revo-

lutionary since it is based on a peer to peer protocol. This means that it is not regulated by any government, private body or organisation. Each user forms part of a payment network, which is basically a set of protocols for exchanging currency worldwide without any borders. The very fact that it can be used and accepted anywhere can change the way our economy works. Moreover, the best part about using Bitcoin is that you can transfer it with little or no transaction fees!

Bitcoin is the new ‘virtual currency’ that has aroused the interest of millions of people, financial and banking institutions, and government agencies. As it is relatively new, much is not known about it. In this article the author demystifies Bitcoin. Bitcoin had a boom recently when its value spiked suddenly over a short period of time, but it is still not universally accepted in as many places as desired. This is partly due to the fact that the technology is still under development and also because many merchants or developers are still wary of accepting something that could essen-

tially be a risky investment of their time and money. Bitcoin has been of interest to merchants, developers and consumers who are keen to break the boundaries and shackles of the existing payment methods to try something new. These are however niche applications, and its acceptance is at present limited Contined on page-2


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
010715 fitag times news paper by Kalp Systems - Issuu