What is Bitcoin?

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a distributed network of users.

How does Bitcoin work?

Bitcoin transactions are verified by Bitcoin miners which has an entire industry and Bitcoin cloud mining options. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoin miners are people who own computers that constantly verify the block chain. Miners are rewarded with bitcoins for their efforts.

Bitcoin is also unique in that it is a deflationary currency. That means that the number of bitcoins in circulation will never exceed 21 million.

What are the benefits of Bitcoin?

Bitcoin has several benefits over traditional currency.

Bitcoin is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a distributed network of users.

Bitcoin is also global, meaning that it can be used by anyone, anywhere.

Bitcoin is transparent, meaning that you can see all transactions on the block chain.

Bitcoin is secure, meaning that it is difficult to hack and steal bitcoins.

What are the risks of Bitcoin?

Bitcoin is still a young technology and there are several risks associated with using it.

Bitcoin is volatile, meaning that the value of bitcoins can fluctuate greatly.

Bitcoin is unstable, meaning that it is not as stable as traditional currency.

Bitcoin is untested, meaning that it has not been used in the real world for a long time.

Bitcoin is unregulated, meaning that there are no guarantees that it will be around in the future.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is unique in that it uses a blockchain to store an immutable record of all transactions.

How does Ethereum work?

Ethereum transactions are verified by Ethereum miners which has an entire industry and Ethereum cloud mining options. Ethereum is unique in that it uses a blockchain to store an immutable record of all transactions.

What are the benefits of Ethereum?

Ethereum has several benefits over traditional currency.

Ethereum is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a distributed network of users.

Ethereum is global, meaning that it can be used by anyone, anywhere.

Ethereum is transparent, meaning that you can see all transactions on the block chain.

Ethereum is secure, meaning that it is difficult to hack and steal ether.

What are the risks of Ethereum?

Ethereum is still a young technology and there are several risks associated with using it.

Ethereum is volatile, meaning that the value of ether can fluctuate greatly.

Ethereum is unstable, meaning that it is not as stable as traditional currency.

Ethereum is untested, meaning that it has not been used in the real world for a long time.

Ethereum is unregulated, meaning that there are no guarantees that it will be around in the future.

What is Bitcoin Cash?

Bitcoin Cash is a cryptocurrency and a payment system. Bitcoin Cash is a fork of the Bitcoin blockchain.

How does Bitcoin Cash work?

Bitcoin Cash transactions are verified by Bitcoin Cash miners which has an entire industry and Bitcoin Cash cloud mining options. Bitcoin Cash is unique in that it uses a blockchain to store an immutable record of all transactions.

What are the benefits of Bitcoin Cash?

Bitcoin Cash has several benefits over traditional currency.

Bitcoin Cash is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a distributed network of users.

Bitcoin Cash is global, meaning that it can be used by anyone, anywhere.

Bitcoin Cash is transparent, meaning that you can see all transactions on the block chain.

Bitcoin Cash is secure, meaning that it is difficult to hack and steal bitcoins.

What are the risks of Bitcoin Cash?

Bitcoin Cash is still a young technology and there are several risks associated with using it.

Bitcoin Cash is volatile, meaning that the value of bitcoins can fluctuate greatly.

Bitcoin Cash is unstable, meaning that it is not as stable as traditional currency.

Bitcoin Cash is untested, meaning that it has not been used in the real world for a long time.

Bitcoin Cash is unregulated, meaning that there are no guarantees that it will be around in the future.

What is Litecoin?

Litecoin is a cryptocurrency and a payment system. Litecoin is a fork of the Bitcoin blockchain.

How does Litecoin work?

Litecoin transactions are verified by Litecoin miners which has an entire industry and Litecoin cloud mining options. Litecoin is unique in that it uses a blockchain to store an immutable record of all transactions.

What are the benefits of Litecoin?

Litecoin has several benefits over traditional currency.

Litecoin is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a distributed network of users.

Litecoin is global, meaning that it can be used by anyone, anywhere.

Litecoin is transparent, meaning that you can see all transactions on the block chain.

Litecoin is secure, meaning that it is difficult to hack and steal bitcoins.

What are the risks of Litecoin?

Litecoin is still a young technology and there are several risks associated with using it.

Litecoin is volatile, meaning that the value of litecoins can fluctuate greatly.

Litecoin is unstable, meaning that it is not as stable as traditional currency.

Litecoin is untested, meaning that it has not been used in the real world for a long time.

Litecoin is unregulated, meaning that there are no guarantees that it will be around in the future.

What is Dogecoin?

Dogecoin is a cryptocurrency and a payment system. Dogecoin is a fork of the Litecoin blockchain.

How does Dogecoin work?

Dogecoin transactions are verified by Dogecoin miners which has an entire industry and Dogecoin cloud mining options. Dogecoin is unique in that it uses a blockchain to store an immutable record of all transactions.

What are the benefits of Dogecoin?

Dogecoin has several benefits over traditional currency.

Dogecoin is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a distributed network of users.

Dogecoin is global, meaning that it can be used by anyone, anywhere.

Dogecoin is transparent, meaning that you can see all transactions on the block chain.

Dogecoin is secure, meaning that it is difficult to hack and steal dogecoins.

What are the risks of Dogecoin?

Dogecoin is still a young technology and there are several risks associated with using it.

Dogecoin is volatile, meaning that the value of dogecoins can fluctuate greatly.

Dogecoin is unstable, meaning that it is not as stable as traditional currency.

Dogecoin is untested, meaning that it has not been used in the real world for a long time.

Dogecoin is unregulated, meaning that there are no guarantees that it will be around in the future.

What is a cryptocurrency?

A cryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning that they are not controlled by any single entity.

What is a blockchain?

A blockchain is a distributed database that maintains an immutable record of all transactions. Blockchain technology is used to create cryptocurrencies such as Bitcoin and Ethereum.