Bitcoin 101, Bitcoin For Beginners

Bitcoin (BTC), a currency that changed history appeared in 2009. Now it's extremely popular, a lot of people are using the digital asset actively, many capitalists find it better to do their investments in Bitcoin. We are here to help You understand the concept of BTC entirely, describe the ways how it can be used, inform about the latest news, represent interesting facts and famous people's opinions.

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What Are Bitcoin ETFs? Which Countries Have Approved Them?

March 29, 2021 by Anahit

In 2021 first Bitcoin ETFs got validated. The interest in these products keeps rising. They are exchange-traded funds that follow the value of BTC and the trading process is held on traditional markets in the place of cryptocurrency exchanges. So, BTC exchange-traded funds enable investing in the...

What Is Bitcoin Tokenization and How to Use It?

March 13, 2021 by Anahit

The goal of Bitcoin tokenization is to allow its movement to other networks. Note that the coins and tokens are not the same. Coins are native to their own blockchain and most often serve as money. On the other hand, tokens are cryptocurrencies of broader smart contracts platforms like Ethereum...

Bitcoin 2021 Predictions. Throwback at 2020

January 05, 2021 by Anahit

2021 has only begun, but Bitcoin already managed to establish a new all-time high. On January 2, it surged $30.000. Two days later, on its birthday the price surpassed $34000. Currently, the cryptocurrency is traded at around $31.000. 2021 is expected to be a great year for Bitcoin. Before...

BTC Subunits: Satoshi, Bits, Millibits, Megabits

December 19, 2020 by Anahit

Bitcoin as any other currency can be denominated in minor values. You can buy a whole bitcoin, but you can also buy fractions of one bitcoin. Small values make BTC activities easier to manage and make transactions readable. Let's see what are they? Satoshi (Sat) The smallest and also the most used...

Investing in Bitcoin: Everything you need to know

September 26, 2019 by Diana

Bitcoin is the most widespread cryptocurrency and one of the advanced means of keeping money by investments. But considering the point that it’s changing in price very frequently, is it safe to invest in BTC? What is Bitcoin? The concept of making digital currency belongs to Nick Szabo, but the...

Bitcoin whales undergoing institutional accumulation?

July 29, 2019 by blockTian

The cryptocurrency market may have been experiencing sideways for the past months, yet just like any other industry, it is slowly getting the attention of big players. In fact, according to a survey by Fidelity Investments, “about 22% of institutional investors already have some exposure to...

Where you can use your Bitcoins?

July 01, 2019 by Diana

The reason why Bitcoin didn’t replace traditional payment methods The creators of Bitcoin wish it will become a substitute for the majority of centralized payment methods, but currently, this coin is used for long-term investments more often than for anything else. It seems that BTC’s fate was...

Money or life. Bitcoin whales and fraudsters: who are the first and how the second steal their mo...

June 06, 2019 by blockTian

With the advent of the blockchain and the first cryptocurrencies, many began to be interested in this area. After some time, many economists, scientists talked about the prospects of this trend and began to predict huge profits for the crypto community. Now, when Bitcoin already costs more than...

What can you buy with Bitcoin?

March 21, 2019 by blockTian

Money has its own functions. One of the currency’s functions is to be a mean of payment. With the development and growth of popularity of the cryptocurrency, they also began to acquire similar features of their “ancestors”. Now with a Bitcoin, you can buy games and applications, plane...

What is Bitcoin (BTC) ?

March 21, 2019 by Diana

The invention of the Bitcoin Everything started in 2008. An unknown man, who called himself Satoshi Nakamoto, decided to bring Nick Szabo’s idea about digital currencies back to life. He created Bitcoin, which became the most popular and valuable crypto coin. No one knows, who Satoshi Nakamoto is...

The very first time you could hear the word “Bitcoin” was the 2008 year when Satoshi Nakamoto introduced it as a means of transferring money digitally. In 2019 we still don’t know who is Satoshi Nakamoto (and if he is a man or a group of people), but I’m sure everyone heard about his invention at least once.

Bitcoin is a cryptocurrency based on blockchain technology, which can be called simple digital money if there weren’t little differences.

The first difference from digital fiat money is that Bitcoin is decentralized. What does that mean? Bitcoin is not under one institution’s control, it is supported by a group of coders and it is run by an open network of computers from all over the world. The second difference is that the special algorithm controls the supply of the Bitcoin. The third is that there isn’t any validator to identify anyone, who are making transactions with Bitcoin. So all your actions remain anonymous. The fourth: You can not modify your Bitcoin transaction after it’s done. This happens because Bitcoin doesn’t have any central controller, who can decide to return money or do any other action after one is already done.

The process of earning Bitcoins is called mining. In the beginning, everyone with a simple computer could take part in this process, but nowadays it has grown and you’ll need special technologies to mine a Bitcoin. You can buy Bitcoin from different market places, which are called “bitcoin exchanges”. Storing your Bitcoins is easy due to “digital wallets”. It’s also easy to make transactions with Bitcoin, cause it’s the same thing as with digital fiat money. So, you can do it with special mobile apps or computers.