Bitcoin is the currency of the Internet: a distributed, worldwide, decentralized digital money. Unlike traditional currencies such as dollars, bitcoins are issued and managed without any central authority whatsoever. While bitcoin tokens on the original network can't be copied or counterfeited, the protocol is open source and can be recreated with different parameters. We call these Airdrops.
Bitcoin mining is analogous to the mining of gold, but its digital form. The process involves specialized computers solving algorithmic equations or hash functions. These problems help miners to confirm blocks of transactions held within the network. Bitcoin mining provides a reward for miners by paying out in Bitcoin in turn the miners confirm transactions on the blockchain. Miners introduce new Bitcoin into the network and also secure the system with transaction confirmation.
New to Bitcoin? Confused? Need help? You've come to the right place.
Bitcoin is an internet based decentralised currency. Similarly to Bittorrent, but Bitcoin uses a public ledger called the blockchain to record who has sent and received money. It's very new, and for many very confusing. BitcoinHelp aims to rectify this. Whether it be explaining how it works, how to use it, how to buy Bitcoins, how to integrate Bitcoins into your business. Sharing your successes as well as failures in order to help others is also gladly received. Ask away!
ELI5: Bitcoins. What are they, why are they sketchy, how do you get them, and why are they better then Runescape-currency?
I have read the wiki page on them, but I found that there were some terms, both economically and computational, that I didnt quite understand. When I compare them to runescape-currency I am actually asking what makes them more 'reliable' or better than any other kind of online currency, be it in-game or not.
The US Federal government has confiscated hundreds of millions in Bitcoin. What are they doing with them?
Are they being used by the CIA? Are they being auctioned off as most confiscated goods are? Are they being used to manipulate the price of bitcoin? I am honestly curious. Is anyone aware if yhe staus can be traced or if a FOIA has ever been submitted and executed?
For not listing any MANA trading pairs, Coinbase sure knows a lot about what Coinbase customers are doing with their MANA. How can it be the 34th most commonly held token on Coinbase and they don’t even offer it?!? This is probably good for bitcoin.
Hi, would like to buy a Ledger S. I have read some reviews on Amazon saying they are disappointed as it only holds 3 coins. Can I ask what does this mean? It only holds 3 different TYPES of coins at once? Or it means for example, you can only hold a total value of 3 bitcoins?
Will buy a hardware wallet very soon so the faster you can respond the better. Thanks!
Bitcoin, the digital currency, has been all over the news for years. But because it’s entirely digital and doesn’t necessarily correspond to any existing fiat currency, it’s not easy to understand for the newcomer. Let’s break down the basis of exactly what Bitcoin is, how it works, and its possible future in the global economy. The key advantage of trading with a Bitcoin broker is the elimination of any slippage. Bitcoin brokers charge a single fee for their service, but they eliminate excess fees charged by major exchanges when making significant digital asset investments. OTC brokers develop networks of buyers and sellers to ensure each client’s needs are met. Bitcoin is a virtual currency that gained recognition after its price-per-coin rose above $13,000 in early 2018. The cryptocurrency (one of many) is at the center of a complex intersection of privacy, banking regulations, and technological innovation. Today, some retailers accept bitcoin, while in other jurisdictions, bitcoin is illegal. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. Futures contracts have a long and storied history—but for Bitcoin traders, they’ve unlocked new strategies. By Robert Stevens. 5 min read. Sep 11, 2020 Sep 18, 2020. Bitcoin. In brief. A futures contract is an agreement that obligates a trader to buy or sell an asset at a specific time, quantity and price.
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