Guides

1 How do I choose a bitcoin wallet? You will need a wallet to work with bitcoin: it’s impossible to send or receive cryptocurrency without it. First of all, you have to know for which purpose you are going to use bitcoin. Your aims will dictate the type of wallet you choose. 2 What types […]

1 What do I need before buying Bitcoins? Below you will find the most popular ways to buy Bitcoin, but before you proceed, you should get yourself a Bitcoin wallet. You’ll need a wallet to receive, store and manage the cryptocurrencies you’ve purchased. There are wallets that work only for Bitcoin and those for multiple […]

1 What is a fork? Bitcoin is an open-source software, so anybody can copy, change, and use it at their own discretion. Modification of the source code is called “fork”. In other words, any fork is a change of rules by which blocks in blockchain are validated. 2 What types of forks there are? There […]

1 What is mining? Mining is the process of minting new crypto coins. In bitcoin and many other altcoins, computers solve complex mathematical problems to mine coins. The term obviously refers to the mining of gold or other natural resources. 2 Who mines bitcoins? Those people are called miners. On the other hand, the devices […]

1 What is Bitcoin? Bitcoin (an amalgam of “bit” – the smallest unit of data – and “coin”) is a decentralized payment system based on the peer-to-peer technology. The namesake accounting unit, Bitcoin, is the first and most popular cryptocurrency. Bitcoin’s central feature is full decentralization. 2 What does it mean? Bitcoin is not controlled […]