Bitcoin school

This part of our website we call the bitcoin school. Please read through those posts about bitcoin and blockchain. 

What is Bitcoin?

  Bitcoin is a type of digital currency, which is created and held electronically, and has no control over it. Bitcoins aren’t printed, like fiat currencies, they are produced by lots of people running computers all around the globe, using software that solves...

Why use bitcoin?

Why you should use bitcoin and not just invest in it   Bitcoin is a relatively new form of currency that is just beginning to hit the mainstream, but many people still don’t understand why they should make the effort to use it. Why use bitcoin? Here are ten good...

How do I store bitcoins?

Worried how to store bitcoins? Bitcoin wallets store the private keys that you need to access a bitcoin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage. It is important to secure and...

What can I buy with bitcoins?

What to buy with bitcoins. More merchants are beginning to accept bitcoin in exchange for goods and services, although the best place to find them are still marketplaces and aggregator sites that gather large numbers of supporting establishments together at once....

Is bitcoin legal?

Is bitcoin legal in Europe?   Bitcoin is of interest to law enforcement, tax authorities, and legal regulators, all of which are trying to understand how it fits into existing frameworks. The legality of your bitcoin activities will depend on who you are and what you...

How do bitcoin transactions work?

Bitcoin transactions are sent from and to electronic bitcoin wallets, and are digitally signed for security. Everyone on the network knows about a transaction, and the history of a transaction can be traced back to the point where the bitcoins were produced. Holding...

How does bitcoin mining work?

No pick axe needed!  In traditional fiat money systems, governments simply print more money when they need to. But in bitcoin, money isn’t printed at all – it is discovered. Computers around the world “mine” for coins by competing with each other. How does it happen?...

How to mine bitcoin?

You want to mine bitcoin. But, how to start?   There are three main categories of bitcoin mining hardware, each more expensive and more powerful than the last. This article explains each of them, and talks about how to make them work. By this stage, you will...

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