A Bitcoin wallet is a digital space that allows you view, send, and receive bitcoin. It is essentially a digital equivalent of a traditional wallet, but instead of holding physical money, it holds the cryptographic keys needed to access and spend your Bitcoin. Since...
Your bitcoin is on a single (financial) ledger that is distributed all over the world. Any device that has a copy of this ledger is called a node. A ledger provides a record of each debit and credit transaction across the lifespan of bitcoin. Each transaction...
Think of a bank. They store your money digially, physically, and they have access controls to prevent unauthorized people from accessing your funds. With bitcoin, you must think like a bank as you are taking control of your bitcoin. You DO NOT want to ever store your...
The keys to spending your bitcoin are in the form of a string of numbers and letters that are somewhat random in nature. A human would have a very hard time remembering it. Instead, a specific list of 2048 English words are used to create this string of numbers and...
There is a flaw with our current currency and money system. It is a system based on debt. What’s wrong with debt? Debt doesn’t exist until it is created. Once it is created, interest must be paid on the debt. If you don’t have any more available...
