Beginner s guide to bitcoin how the cryptocurrency works and how it can make you gain or lose money its value has increased 125 000 fold since 2010 and julian assange claims it has helped to. There are many ways by which you can understand what bitcoin is. In this beginner s guide to bitcoin you will learn all of the basic yet essential stuff related to bitcoin.
Be it brexit or donald trump as the new us president or india demonetizing their currency dramatic economic events can be viewed in terms of bitcoin. This is where new bitcoin comes from. Whoever finds the answer first gets to add the next block to the blockchain and is awarded some newly created bitcoin at the same time.
This is done by solving a complex maths problem. Bitcoin mining is the act of searching for new blocks on the blockchain. The only need is an internet connection.
Bitcoin can be sent quickly and securely from any point in the world to another. Among other things this means that it is entirely computerized and doesn t have a physical form. Bitcoin is the first ever decentralized global digital currency.
If you re visiting this site you are probably excited or at least curious about the global revolution that is cryptocurrency. Is a beginner friendly cryptocurrency community that offers the help and resources you need to grow from beginner to expert. Bitcoin was priced at usd 900 in january 2017 peaked at 20 000 in december 2017 and then hovered around 5 000 6 000 in mid 2018.
You may have heard about bitcoin as a digital currency that skyrocketed in price in 2017. You re in the right place as we ve laid out in layman s terms our beginners guide to bitcoin.
