A cryptocurrency wallet is a software program either on your desktop or on an app on your smart phone, that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance. If you want to use Bitcoin or any othercryptocurrency, you will need to have a digital wallet.
Altcoin refers to any cryptocurrency that is not Bitcoin. Bitcoin is far and away the most used and accepted form of cryptocurrency, though others like Litecoin and Ethereum are doing their best to change that. Altcoin refers to any cryptocurrency that is not Bitcoin.
Check out our recent article: An Easy Explaination of Terms around Cryptocurrencies
What is an Altcoin
How Do Bitcoin and altcoin Transactions Actually Work?
If your one goal in life is to learn how to spend Bitcoin, you're in the right place. The good news is you don't have to understand many technical details to begin using Bitcoin or altcoin (any other digital currency except Bitcoin) to buy something.
A Simple Guide to Blockchain Technology
When the conversation turns to blockchain technology, do the words you hear resemble "Blah, blah, blah," like when an adult speaks in the Peanuts comic strip? Trust us; the momentary panic is not necessary. We're not here to say you need to understand all the ins and outs of how blockchain technology works, but if you ever want to buy, sell, or invest in cryptocurrency or grasp how the future internet might work, pull up a chair and listen for a spell.
How to store your Cryptocurrency
As you might have figured out in your research in cryptocurrencies, storing digital currency like Bitcoin isn't as satisfyingly easy as whipping out your worn leather wallet from a back wallet and cramming a few more notes inside.
No sirs and madams. Keeping your hard-earned cryptocurrency safe from various...
Cryptocurrency exchanges - for Australian traders
So, you want to trade cryptocurrencies, but you're pretty sure there's a smart way to do it and a dumb way. You're right with that assessment. Here's a hint. A foolish move would involve almost anything other than using a credible online cryptocurrency...
When it comes to digital currency, one leads the pack. We're talking about Bitcoin (BTC), the first and still the most popular in this nascent industry of cryptocurrencies.
As the initial currency built with blockchain technology and utilising a decentralised Peer-to-Peer (P2P) network, Bitcoin is more than just the face of the industry. It is the industry.
Here's a statistic to make you cry.
One hundred dollars invested in Bitcoin in 2011 would be worth $5.7 million in 2018. If you had known how that particular currency was going to take off - well, let's just it would have been a heck of a retirement plan. With Bitcoin now running at almost $15,000, it might be tempting to think the party is over. Maybe, but probably not.
An Easy Dictionary of Cryptocurrency Terms
Do you feel like a dunce whenever the conversation turns to a digital currency like Bitcoin and its variants, and the terminology flies fast and furious?
Never fear. We’re here to offer a concise explanation for those cryptic terms. By the time you make it to the end of this article, you’ll be able to drop words like blockchain,
Cryptocurrency Basics for Investors, Traders, and Revolutionaries
Cryptocurrency. The name itself sounds faintly sinister, but it’s not. Put simply, it’s nothing more or less than digital money. Beginning with the release of the first cryptocurrency, Bitcoin, in 2009, the idea of digital cash has worked its way into the global frame of reference. While a majority of people have a
The history of digital currency
If you thought that the history of digital currency began with the release of Bitcoin in 2009, get ready to call the doctor because your brain is about to explode. The truth is that Bitcoin just happened to be the first genuinely successful digital currency (or cryptocurrency to use a word that sounds intense
What is bitcoin
Got confusion in your brain about Bitcoin? You're not alone. There's a large crowd scratching its collective head along with you.
Let's get basic.