What should you look for when you start trading yourself?
There are many stories of people who have lost their Bitcoins. We will be happy to explain how to prevent this.
A Bitcoin address has 25 to 35 characters and always starts with a 1 or a 3.
Wei Dai was a computer engineer who came up with the idea in 1998 to create a digital and decentralized currency, called it b-money.
Recording the network-approved transactions in the Blockchain is called mining. This is done by Miners.
Bitcoin is a new digital payment method. It is the answer to the question of an alternative payment system that arose after the disastrous financial crises of 2008.
The simplest way is to describe the Blockchain as follows: A Blockchain is a chain of blocks (so-called Blocks).
Crypto currency is a generic name for any digital or virtual currency with a limited amount of coins/tokens.
A Node is a computer that keeps track of and updates the entire transaction history.
The name Altcoin is a short term for 'alternative Bitcoin'. This generic name covers all other coins.
All coins operate through their own blockchain and can be used as a means of payment. Tokens are a kind of shares that lie on top of the used blockchain.
ICO is an abbreviation for Initial Coin Offering, or the first coin issue. This means that a person or project will provide the investors Tokens of a new cryptocurrency.
Crypto exchanges and crypto brokers are both online platforms where you can trade. In general, brokers are more focused on ease of use and security and exchanges more on functionalities.
An overview of commonly used crypto terms and their meaning.
DeFi stands for decentralized finance and describes a cluster of companies and applications offering financial services using the blockchain technology.