FAQ

WHAT IS BITCOIN?

Bitcoin is a consensus network that allows for the creation of a new payment system and a purely digital currency. It is the first decentralized peer-to-peer payment network, with no central authority or middlemen, that is driven by its users.No government, no country, no city, no state can control what's happening in the world of cryptocurrency. Bitcoin is basically a computer file that is stored in a “digital wallet” app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send bitcoins to other people. Every single transaction is recorded in a public list called the BLOCKCHAIN.

WHAT IS THE USE OF BITCOIN?

Bitcoin was created as a way for people to send money over the internet and can be exchanged for cash just like any asset. Bitcoin is a digital asset or currency that you can exchange for goods and services.

WHAT IS CRYPTOCURRENCY?

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double spend. Many cryptocurrencies are decentralized networks based on blockchain technology a distributed ledger enforced by a disparate network of computers. A defining feature of cryptocurrencies is that they are generally not issued by any central authority, rendering them theoretically immune to government interference or manipulation.

WHAT IS THE PURPOSE OF BLOCKCHAIN?

Blockchain could be a distributed database that's shared among the nodes of an electronic network. As a database, a blockchain stores information electronically in digital format. Blockchains are best known for his or her crucial role in cryptocurrency systems, like Bitcoin, for maintaining a secure and decentralized record of transactions. The innovation with a blockchain is that it guarantees the transparency and security of a record of information and generates trust without the necessity for a trusted third party.

HOW DO I GET BITCOIN?

If you are brand new to the world of bitcoin and cryptocurrency, Coinbase is an excellent place to start purchasing bitcoin due to its support for a number of popular cryptocurrencies, a strong security track record, and reasonable fees.

WHAT IS MINING?

It is the way of making new bitcoins by solving a computational puzzle that verifies transactions in the currency. It breaks apart words and sentences and turns them into fixed-length, indecipherable, alphanumeric strings.

WHAT IS THE PURPOSE OF THE CASH, CREDIT, AND CRYPTO EBOOK?

This book will take you on a journey of how you can increase your cash flow, leverage credit, and audit to get crypto because cash is crumbly, credit is not ownership. This is not just about Bitcoin and Cryptocurrency but is about guiding you into adapting to the world of cryptocurrency and how is this thing getting big from time to time. This will provide you with strategies about credit that can lead you into crypto.

WHAT IS BITCOIN BABY EBOOK?

The book will exactly provide the basics on BITCOIN and give you the entire guide on how to start trading in Bitcoin, all the essential pieces of information are in the book. It will generally let you understand how does Bitcoin works and why some people misunderstand it. You will learn what are the terms used, where to trade, apps where you can easily start getting the bitcoin, and where you can store the Bitcoin.