Bitcoin

What is Bitcoin?
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer pa...
Thu, 6 Feb, 2014 at 5:20 PM
Who created Bitcoin?
Bitcoin is the first implementation of a concept called "crypto-currency", which was first described in 1998 by Wei Dai on the cypherpunks mai...
Thu, 6 Feb, 2014 at 5:22 PM
Who controls the Bitcoin network?
 Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While d...
Mon, 5 May, 2014 at 9:20 AM
How does Bitcoin work?
From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send...
Thu, 6 Feb, 2014 at 5:22 PM
How are bitcoins created?
New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by ...
Thu, 6 Feb, 2014 at 5:23 PM
How does one acquire bitcoins?
As payment for goods or services. Purchase bitcoins at a Bitcoin exchange. Exchange bitcoins with someone near you Earn bitcoins through competit...
Sun, 27 Jul, 2014 at 7:54 PM
Why do people trust Bitcoin?
Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyon...
Mon, 5 May, 2014 at 9:31 AM
How difficult is it to make a Bitcoin payment?
Bitcoin payments are easier to make than debit or credit card purchases, and can be received without a merchant account. Payments are made from a wallet...
Thu, 6 Feb, 2014 at 5:23 PM
How much will the transaction fee be?
Most transactions can be processed without fees, but users are encouraged to pay a small voluntary fee for faster confirmation of their transactions and...
Fri, 6 Jun, 2014 at 8:43 AM
What determines bitcoin’s price?
The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price fal...
Thu, 6 Feb, 2014 at 5:23 PM