Bitcoin Wallet: It is a digital wallet to store, send and receive bitcoin. Instead of storing your money as a real world wallet does, it saves your public and private keys which in turn helps you send and receive money. Public and Private Keys? Take a vending machine as an example, anyone can put their… Read More »
In November 2008, Satoshi Nakamoto published a 8-page white paper explaining the new electronic cash system “based on cryptographic proof instead of trust, allowing any two willing parties to transact directly with each other without the need for a trusted third party.”. This is how bitcoin was created. Satoshi himself disappeared off the grid in… Read More »
Bitcoin is a new kind of money and payment system. It uses peer-to-peer technology to operate without a central authority or banks. Transactions and the issuing of new bitcoins are carried out collectively by the network. Bitcoin is open-source, nobody owns or controls it and everyone can take part. Through many of its unique properties, Bitcoin… Read More »
Step1: Get a Bitcoin Wallet: you need a Bitcoin wallet to receive, store and send Bitcoins. The easiest way is to set up a free account with Coinbase. With Coinbase account, you get bitcoin wallet to receive, store and spend bitcoins. You could buy and sell bitcoins through its exchange market. Once you have a bitcoin wallet, you… Read More »