Tag: bitcoin101

Mar 02 2021

How To Sell Bitcoin In The U.S.

If you’ve acquired some bitcoin, it’s possible you may find yourself wanting to sell. This may be due to a personal change in your financial situation, a desire to get some BTC in the hands of more people or an opportunity to sell at a price increase (in the hopes of...

What Are Bitcoin Forks?

The word “fork” is somewhat confusing because there are different kinds of “forks” that can mean very different things.Codebase ForkA codebase fork is a copy of the code of a software implementation. A codebase fork typically makes tweaks to...

Is Bitcoin Anonymous?

Bitcoin is not entirely anonymous. In reality, it is pseudonymous because each user has a public address that theoretically could be traced back to an IP address or exchange account (and by proxy, an actual identity) through proper network...

Mar 01 2021

How To Get Bitcoin

Bitcoins can be obtained in numerous ways, each of which are entirely different from one another. It is important to note that bitcoins are incredibly easy to send. As a result, they take the form of a highly transferable commodity. This is important because,...

What Is A Bitcoin Improvement Proposal (BIP)?

A Bitcoin Improvement Proposal (BIP) is a standard for proposing changes to the Bitcoin protocol, or in some cases a source for information for the Bitcoin community. Additionally, some BIPs are proposed changes to the BIP process itself.BIPs can include...

What Is a Blockchain?

Bitcoin depends on a distributed ledger system known as the blockchain. The blockchain is possibly the most powerful innovation associated with Bitcoin, as countless industries from financial services to healthcare have begun contemplating how to leverage the...

What Are Atomic Swamps?

Mar 01 2021 Published at Bitcoin Magazine under tags  bitcoin101 learning bitcoin

Atomic swaps are a peer-to-peer, trustless method of exchanging coins on different blockchains. In essence, atomic swaps allow you to exchange, for example, bitcoin with litecoin, while avoiding the need to trust an exchange or any other third party....

What Are Bitcoin Mixers?

Bitcoin mixers are solutions (software or services) that let users mix their coins with other users, in order to preserve their privacy.While Bitcoin addresses are “pseudonymous” — meaning, they don’t, in themselves, reveal the identity of their owner...

What Are Bitcoin Wallets?

Storing bitcoin in a safe location has its challenges. This is because bitcoins aren’t physically “stored” anywhere. As a purely digital entity, it is not as if they are held in bank vaults or stuffed under mattresses. They are accessible through Bitcoin...

What Gives Bitcoin Value?

In the digital age, the ideal brand new currency should have at least these three characteristics:It should be free from the control of any authority so that it cannot be manipulated and printed at will (and devalued), and nobody can tell...

Is Bitcoin A Good Investment?

Questions about the value of bitcoin as an investment will likely differ depending on who you ask.Those with a vision of a fully-distributed future in which the lack of a centralized overseer becomes key to an asset’s value will tell you that, yes,...

Bitcoin And Taxes

Tax season can be confusing enough with complicated rules about what types of income are taxable and which are not; what can be written off and what can’t; and which assets need to be listed and which do not. Add to that the confusion around digital currency and...

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