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President Trump’s promise to pardon Ross Ulbricht sparks discussions in the Bitcoin community. Read more.
What is Bitcoin?
Bitcoin is a decentralized peer to peer network protocol developed out of the Cypherpunks movement which implements a public digital ledger. The Bitcoin cryptocurrency exists without a central bank or single administrator, and can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Bitcoin is often referred to as a cryptocurrency, as it uses cryptography to secure and verify transactions on the network.
Bitcoin is a framework upon which efforts like the Ordinals Protocol can be built, allowing for the creation and onchain storage of digital artifacts including art, games, documents, coding libraries and more.
How it Works
Mining Explained | What Are Nodes? | Understanding Wallets
Mining Explained
Bitcoin mining is the process of validating transactions by solving complex mathematical problems...
What Are Nodes?
Nodes are computers in the Bitcoin network that maintain a copy of the blockchain...
Understanding Wallets
A Bitcoin wallet stores your private keys, allowing you to send and receive Bitcoin...
Why Use Bitcoin
- Bitcoin offers fast and secure transactions
- Bitcoin is decentralized, meaning it is not controlled by any government or financial institution
- Bitcoin transactions are transparent, as all transactions are recorded on the blockchain
- Bitcoin can be used for international payments, without the need for currency conversion
FAQ
Is Bitcoin anonymous?
Bitcoin is pseudonymous, not fully anonymous. Transactions are recorded on the blockchain, but identities can sometimes be traced...
How do I store Bitcoin safely?
Use a hardware wallet (e.g., Ledger or Trezor) and keep your private keys offline...
About This Site
This site is a community-driven resource for learning about Bitcoin. Here’s how it works:
- It’s collectively developed and updated live every 24 hours.
- Anyone can submit a change on GitHub.
- We aim to build an informational site with inputs from multiple communities.
- We welcome contributions on topics like mining, coding, sat hunting, ordinals, stamps, XCP, and more.
