What is Bitcoin mining?

Bitcoin mining is necessary to increase the security of the Bitcoin payment network, ensure transactions are not scam and issue new coins into circulation. What is the purpose of Bitcoin mining? There are 3 main purposes of mining: Verifying transactions Securing the Bitcoin network Releasing new Bitcoins in circulation Mining ensures that no one can […]

Why Bitcoins are so valuable?

Bitcoin keeps high price because it has a limited supply. It can’t be bribed or corrupted and is global. In addition, all the traditional fiat currencies drop in value relative to everything, including cryptocurrencies. The Bitcoin price haven’t stop increasing since its creation. It started from $0.003 in 2010, 2 years later it got to […]

How Bitcoin is better than other cryptocurrencies, like Ethereum?

Bitcoin is the first cryptocurrency with the most development history. It has the highest security and programming code quality. It is completely decentralized which makes it the most secure and reliable cryptocurrency. Bitcoin is the first successful cryptocurrency with the latest and most advanced computer code. The bitcoin network ha been operational for 99.998% of […]

What is the Bitcoin halving?

The Bitcoin halving reduces by 50% the creation of new Bitcoins. Currently, around 900 new bitcoins enter in circulation per day. After the halvening only 450 new coins will be available per day. This will make Bitcoin more scarce and should increase its price. Bitcoins has a limited supply of 21 million coins that will […]

What is a Bitcoin address?

Bitcoin address is a virtual location where Bitcoins can be stored. A Bitcoin address consists of 26-35 alphanumeric characters. For example, 1NTMjrMoT15yd4GsNuJ3NDPPgAgQaVafjX. To receive Bitcoins, you need to create an address using any Bitcoin wallet and give it to the sender. Different types of Bitcoin addresses There are 3 types of addresses and all of […]