Tag: learning bitcoin

Mar 02 2021

What Is Quantum Computing?

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

Quantum computing is a form of computing based on quantum physics. Where classical computers rely on bits (zeros or ones) to make calculations, quantum computers use quantum bits (qubits) that leverage quantum mechanics to exist in a “superposition”: a...

How To Buy Bitcoin In Europe

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

If you want to buy BTC in Europe, there are four primary ways you can do so:Through bitcoin exchanges like Kraken, Coinbase Pro and Bitstamp;Through decentralized (or peer-to-peer) exchanges, which offers users more privacy, e.g., Bisq,...

Is Bitcoin Mining Profitable?

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin mining

Bitcoin mining is a central process to the entire network that validates transactions, secures the blockchain and uncovers new bitcoin. In brief, bitcoin mining requires miners to contribute computing power in exchange for the chance to unlock rewards of bitcoin. In a...

Is Bitcoin Mining Legal?

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

For the most part, yes, bitcoin mining is most likely legal in your jurisdiction. However, there are some places around the world where possession and use of bitcoin are illegal and bitcoin mining is illegal as well.Through North America and Western Europe,...

Bitcoin Mining Hardware

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

Bitcoin mining hardware, also known as mining rigs, are computing devices made specifically to “guess” the correct bitcoin block hash as quickly and with as little power as possible. While the earliest Bitcoin mining was conducted by standard computer CPUs, mining...

What Are Bitcoin Mining Pools?

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

Bitcoin mining pools are decentralized groups organized and operated by third parties to coordinate hash power from miners around the world and then share any resulting bitcoin in proportion to the hashpower contributed to the pool.Why Mine Bitcoin in a Pool?...

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 Exchanges?

Thanks to their user-friendliness and availability, Bitcoin exchanges are the most popular method to acquire BTC.Buying BTC on an exchange is a relatively simple and user-friendly way to acquire bitcoin in any amount and the process follows these basic steps:...

What Is 'The Halvening'?

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

The Halvening (sometimes referred to as “the halving”) is the moment when Bitcoin’s block subsidy gets cut in half. The halving of Bitcoin’s block subsidy occurs every 210,000 blocks (roughly every 4 years) and is a key feature of Bitcoin. It is because of the halving of the...

What Is The Bitcoin Block Size Limit?

Mar 02 2021 Published at Bitcoin Magazine under tags  learning bitcoin

The Bitcoin block size limit is a parameter in the Bitcoin protocol that limits the size of Bitcoin blocks, and, therefore, the number of transactions that can be confirmed on the network approximately every 10 minutes. Although Bitcoin launched without...

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...

How Do Bitcoin Transactions Work?

Bitcoin transactions are designed to be publicly searchable, programmatically confirmed by miners and immutable once embedded on the blockchain. BTC transactions contain three pieces of essential data: the amount being transacted, an input (the addresses where the...

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...

Can Bitcoin Scale?

The ongoing debate about whether or not Bitcoin can scale sufficiently on its path to mass adoption has led many people to question if it will ever reach that point at all.The Bitcoin protocol’s main focus is providing security in transactions. It prevents...

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 is SegWit?

Mar 01 2021 Published at Bitcoin Magazine under tags  learning bitcoin

SegWit is short for Segregated Witness. It was perhaps the biggest Bitcoin protocol upgrade to date, which wrapped several improvements and fixes into one.Further Reading:...

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....

How To Keep Bitcoins Safe

Mar 01 2021 Published at Bitcoin Magazine under tags  bitcoin10 learning bitcoin security

If you are thinking through the process of accruing bitcoins, you may be wondering where to keep them once you’ve done so. After investing time and resources into the digital asset, can you be sure they are locked safely away for when you want to use them?...

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