The Bitcoin and Block chain are booming buzzwords, however, many don’t really understand what they are, how they are built and why everybody is talking about the amazing future of the block chain technology and cryptocurrencies that are based on block chain such as Bitcoin, Ethereum, Litecoin and more.
Bitcoin is a digital currency, that is created and held electronically. No one controls it. Bitcoins aren’t printed like other currencies.
In this course, you’ll get to know bitcoin in all its aspects, what is bitcoin, how it works, how to buy bitcoin, how to use bitcoin as an alternative investment.
In this course:
What is Bitcoin and how it works?
When a Bitcoin user makes a purchase, the payment triggers a broadcast of the financial transaction to the Bitcoin network. The Bitcoin transaction is a digitally signed message transferring the ownership of bitcoins from one “Bitcoin address” to another. For the transaction to take effect it must be recorded in a public ledger or public transaction database called the block chain
– What is block chain? blockchain technology for dummies
A blockchain – originally block chain – is a continuously growing list of records, called blocks, which are linked and secured using cryptography.
– How to create bitcoins – Mining bitcoins
Those who take part in maintaining the block chain are called miners and are rewarded with newly created bitcoins and transaction fee payments. Miners all over the world process payments by verifying each transaction as valid, adding it to the block chain and therefore secure the network.
– Where can you buy bitcoins?
How to Buy bitcoins using paypal
How to Buy bitcoins using credit card
How to Buy bitcoins using Bank Transfer
How to Buy bitcoins using Cash
More ways of buying bitcoins
– Bitcoin Wallets
Bitcoin uses public-key cryptography, in which a pair of a public and a private cryptographic key is generated. A collection of keys is called a wallet
And more fascinating bonuses and surprises wait for you inside!