Bitcoin is a distributed decentralised peer to peer payment system that allows users to securely transfer money to anyone anywhere in the world in very little time with small or no fees at all without using a bank or 3rd party.
A blockchain is a digitised, decentralised, public ledger of all cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the blockchain, which is downloaded automatically.
Storage and Security are some of the most important things to understand in the cryptocurrency space.
Buying and selling Cryptocurrencies has come a long way in recent years and there are now more ways than ever to buy and sell. The most common ways to do this are online exchanges and trading platforms: Peer to Peer, Bitcoin ATMs if you have have a bitcoin wallet you can also purchase using credit cards, bank deposits and cash. There are many options to consider when making your purchase such as fees, exchange rates, fees, support, and payment method, Here is a break down to help you make a decision that best suits you.
Mining is how the bitcoin network is able to validate and send transactions from person to person while remaining secure without the need of a dedicated third party.
Earning Cryptocurrencies like bitcoin can be fun and rewarding while the days of getting free bitcoin are all but over there are ways to obtain crypto without spending money. Don’t expect to make millions but with the steady increase in crypto over time its more than likely you will be rewarded.
Cryptography is a way of sending secure encrypted messages in an unreadable format.