Bitcoin is a cryptocurrency that has been talked about a lot lately. Whether on the TV news, with friends or on the internet, you could hardly miss this new digital currency. For many people, bitcoin is a still little understood technology that could change a lot of aspects in the way we send and receive money. Some experts agree that bitcoin and blockchain technology could disrupt many sectors of the traditional financial market.
In brief, Bitcoin is a decentralized digital currency that is created and stored electronically. Bitcoins can be transferred through a computer or smartphone with no middleman or bank.
Bitcoin is based on an open source peer-to-peer (P2P) technology, which means no central authority has control over it. Bitcoins is a deflationist cryptocurrency, with a total unit maximum set at 21,000,000 BTC. Bitcoin are created as a reward for a process known as mining. These are released at a fixed rate, which is halved every four years.
Bitcoin is the world’s leading cryptocurrency. It is a decentralized digital currency without a central bank or single administrator. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever: there is no government, company, or bank in charge of Bitcoin. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
Because bitcoin is becoming very popular many people still have trouble understanding the fundamentals of this technology, we have therefore created this guide “Bitcoin and crypto – Guide to understanding the basics of cryptocurrency” to help you better understand what bitcoin is, how bitcoin works and how this new financial innovation can disrupt the future of the global economy.
Guide to Bitcoin: understand Bitcoin and cryptocurrencies
This guide will help you better understand the world of cryptocurrencies and blockchain in general and gives you a simple and easy way to understand what Bitcoin is and how to use them in your everyday life.
What is Bitcoin (BTC) – This first part of our guide explains in detail what is bitcoin, who is its creator and what is the concept behind blockchain technology as well as the history of this innovation at the origin of most crypto currencies.
How does Bitcoin work ? Bitcoin uses new technology and a global network of computers to function. Part two will examine the mechanism of Bitcoin’s operation. We will explain the blockchain and what each party should know about Bitcoin.
Bitcoin Wallet – What is it ? How it work ? – The third part of this guide is dedicated to the bitcoin wallet. In this article we help you understand what is a bitcoin wallet, how does it work, what are the different types of bitcoin wallet available as well as advice to ensure the security of your bitcoins.
What is Bitcoin mining and how to mine Bitcoin ? – The fourth part of our guide explains in detail the concept of bitcoin mining, why the bitcoin network needs miners, how to mine bitcoin as well as information on the hardware and equipment needed to mine bitcoin.
is Bitcoin a hedge against inflation? – The true definition of an inflation hedge asset is an asset that increases your purchasing power over the course of time. Is Bitcoin really an hedge against inflation? It is wise to use bitcoin to cover your against money printing from central banks? wecover all these topics on this article.
Is bitcoin a currency – Bitcoin was designed to be a rare digital commodity. Part six examines whether and how Bitcoin can satisfy the main use cases and other properties of money. We also evaluate major online vendors that have accepted Bitcoin as tender.
Is bitcoin legal ? – The regulatory attitude towards Bitcoin and other cryptocurrencies is changing. The seventh part of our guide will examine whether Bitcoin is legal. We also provide examples of how different governments and financial regulators approach Bitcoin and other cryptocurrency.
How much is a Bitcoin worth? – In this article, we will explain how Bitcoin’s value is determined through its investment and use by its community and how it is officiated via the distribution of Bitcoins onto the market through the mining process.
How can I buy and sell Bitcoin? – There are many ways to get Bitcoin. In this part nine of our guide, we will discuss how to receive Bitcoin as payment or goods. How to buy bitcoin and the best places to obtain your bitcoins with ease.
How can I store Bitcoin? – We will be looking at how investors can store Bitcoin and which wallets are the best. This includes an complete overview of all storing options for your bitcoin which include paper, mobile, desktop, and hardware wallets.
Why should you invest in Bitcoin? – We explain the cryptocurrency phenomenon in plain English. We examine why Bitcoin is worth investing and how it could transform the world.
Bitcoin Price (BTC) – What is the bitcoin price? Get the most recent Bitcoin price quotation, history, and other important information to assist you in your cryptocurrency trading or Bitcoin investing.