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Category: Definitions

Cryptocurrency for the Unbanked and Underbanked

There’s a lot of talk about cryptocurrencies like Bitcoin and Ethereum being the ideal way for the unbanked and underbanked to manage their money. But what does this mean? Who…
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Private Keys, Public Keys, Addresses and Wallets

A user’s initial transaction with bitcoin or other altcoins generates a pair of unique identifiers called a “private key” and a “public key”. The private key is a cryptographically encoded…
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What is Bitcoin?

Bitcoin is a digital type of currency, but it is not the same as other forms of digital money like credit cards, wire transfers, Paypal, or other electronic services. Those…
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What is a Bitcoin Wallet?

Since you can’t physically hold or stash away actual Bitcoins (they don’t exist in the 3D world), you need a Bitcoin wallet to store the records of each Bitcoin transaction…
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What is Bitcoin Mining?

What is Bitcoin mining? Simply put, Bitcoin mining is the process of using computers to discover, confirm, and add Bitcoin digital transaction records to the public ledger, or blockchain. Miners…
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