Trading with Bitcoin

Trading with Bitcoin

Following the development of civilization, trading is the sole factor in the creation of currency, in order to facilitate the process. Without it, trading means exchanging one good for another, but through the use of currency, people can trade currency for goods and vice-versa. Today trading takes place through the information technology widely available through the world,…

Bitcoin Mining

While Bitcoin mining is widely recognized as the main contributing factor towards the creation of new Bitcoin, as well as transaction validation, for the majority of users this process is quite obscure. This part of the guide is designed to answer your questions about Bitcoin mining and related subjects. What is Bitcoin Mining General introduction towards Bitcoin Mining,…

Blocks

The blockchain consists of many blocks connected to one another by unique hashes called Proof-of-Work. These hashes are created by the process called mining. Here we will detailly examine a random block on the blockchain and talk about the various bits of information that is contained in each and every one of them. You can use any…

Why is the Blockchain important?

There are are many different implications that arise through the existence of the Bitcoin Blockchain. This part of the guide serves to clear up misconceptions about the blockchain in general, how it works, and why it is considered secure. In the end, you can also find a video that provides you with a visual representation of how…

Bitcoin

In this part of the guide, you can learn more about everything that's got to do with the first digital currency, Bitcoin. What is Bitcoin? Before getting to understand what all the fuss is about, you need to understand some basics when thinking and talking about Bitcoin. There are a lot of misconceptions, which is normal…

The Process of Bitcoin Mining

Bitcoin Mining is the process of creating and writing new blocks for the blockchain. These blocks have to comply with the base Bitcoin rules, maintained by the network. In order to mine, you would need specialized mining software and hardware, which you can learn about on the previous page of this guide. Here we will focus…

Mining Hardware

When Bitcoin was conceptualized, one could mine efficiently with the use of a consumer grade CPU. Eventually, as more and more people kept joining the mining process, the network difficulty rose up as a natural reaction. This led some developers to utilize the GPU for solving the Proof of Work hashes required to write transactional…

Mining Software

In order to mine Bitcoin, you're going to need special software that can communicate with the rest of the Bitcoin network and follow the correct consensus rules and hashes. You can use this part of the guide to learn more about these types of software and to discover solutions for your particular operating system. Please refer…

Blockchain

The blockchain represents a series of blocks, each of them hashed in a way that the information contains and relies on the hash from the previous block. This process ensures that the blocks are literally chained and approved by the network. If one would theoretically change information in previous blocks, this would result in a complete…

Blockchain Technology

In its essence, the blockchain is a change-resistant database that allows only for new information to be added to it. It's impossible to change previously written information, without rewriting every Block once incorporated into the structure of the blockchain. Because of this, Bitcoin transactions are incredibly secure and since the Bitcoin blockchain is publicly available, one…