Transactions and the Blockchain

A bitcoin transaction is a transfer of value via the Bitcoin network Bitcoin transaction records are not encrypted Transactions can be viewed by anyone using a ‘blockchain explorer’ Transactions must be verified by miners on the blockchain network Miners are rewarded with bitcoins for doing verification work Bitcoin Transactions on the Blockchain The blockchain is […]

Bitcoin Wallet: Your Most Precious Thing

you’ll learn that there’s a wide range of choices when it comes to bitcoin wallets. You will learn that bitcoin wallets do not actually “store” or “hold” bitcoins. Rather, wallets store your private keys needed to handle the bitcoins you own which are stored on the blockchain ledger.   Wallets As mentioned above, you’ll need […]

Bitcoin Exchange Rates

Bitcoin has a value set by the laws of supply and demand Because of its current adoption phase and limited distribution, exchange rates are often influenced by news Bitcoin has a fixed supply that is limited to 21 million units total Bitcoin’s Value How is the value of bitcoin determined? Well, all currencies and commodities […]

Essentials of Bitcoin

Bitcoin isn’t 100% anonymous Bitcoin wallets are used to protect and access your money Bitcoins are stored in a public ledger called ‘the blockchain’ Bitcoin isn’t printed like regular money, it’s discovered, or ’mined’, by a network of computers worldwide Authority and Anonymity As mentioned in Lesson 1, Bitcoin is not controlled by any third […]

Cryptocurrencies and Bitcoin

Cryptocurrencies are decentralized digital currencies secured with cryptography Bitcoin is the top cryptocurrency due to its first-mover advantage Bitcoin was created by Satoshi Nakamoto Bitcoin is only in its infancy period with huge growth potential Why cryptocurrencies? Cryptocurrency is a new type of digital money used to exchange agreed-upon values. It is just like regular […]