If you’re new to cryptocurrency, your first question is probably “what is Bitcoin?”. The short answer is that Bitcoin is a cryptocurrency or digital asset made secure by cryptography. Bitcoin and most (but not all) other cryptocurrencies use blockchain technology.
This article will answer the common questions that newcomers have when first learning about Bitcoin. How do blockchains work? What makes Bitcoin valuable? What is decentralization? What is mining? How do you buy Bitcoin? How do you safely store it? How do you send or receive Bitcoin from somebody else?
But we won’t just stop there. Once you get the basics down, we’ll also explain how hard forks work, like the one that created Bitcoin Cash. Finally, we’ll wrap up with a look towards the future of Bitcoin and how the network can potentially scale up to handle a transaction volume that’s orders of magnitude larger than it does today.
There may be blockchain-related terms in this article that you are unfamiliar with. If you come across some, don’t worry about understanding immediately. Keep reading and see if the context helps clear things up. If you want to make sure you understand everything more thoroughly, you can also refer our guides to essential blockchain and cryptocurrency terms.
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