Bitcoin and cryptocurrencies, simply explained
I just finished reading "Tribes: we need you to lead us" by Seth Godin and a bit called "Watching the Music Business die" in this book especially caught my attention: The first rule the music business failed to understand is that, at least at first, the new thing is rarely as good as the old thing was. If you need the alternative to be better than the status quo from the very start, you’ll never begin. It also hold true for Bitcoin versus other centralized payment systems.
One of the many pieces making Bitcoin work is mining. What is Bitcoin mining? How does it work? I will explain this as simply as possible and we will even be mining manually!
Hardware wallets as opposed as software wallets are devices created to keep your coins safe. At the end of this article you will know what they are and if you really need one for keeping your Bitcoins!
This sketchnote shows you a comparison of the different types of bitcoin and cryptocurrencies wallets!
People in the crypto sphere want to "decentralize everything". One of Bitcoin's goal is to cut the middleman in monetary transactions. Things like smart contracts make it possible to go further and have "programmable money" (the most famous platform for this being Ethereum). But what if we could move a bit further and extract the blockchain from its isolated state and wire it to the reality around us?
If you are following Bitcoin and cryptocurrencies news you might have read about halving (or halvening) and everyone getting excited around it. Whether you think it's going send the price of Bitcoin to the moon or tank it down, you might want to understand what halving is in the cryptocurrencies world.
If you've heard about Bitcoin you've probably heard about wallets. In this article, we are going to cover the basics of what everyone should know about wallets to survive in Bitcoin and cryptocurrencies!
If you are new to Bitcoin and cryptocurrencies you are probably asking yourself this: "Do I have to register somewhere to get a Bitcoin address?" This is a natural question. Every other service on the internet works this way: you sign-up to a service by giving your email. On Bitcoin, it's not required. In this article I will tell you what a Bitcoin address and how it works!
With this article I will explain as simply as possible what Bitcoin is, introducing key concepts progressively and explaining them with simple terms and drawings.