Bitcoin Transaction

How Do Bitcoin and altcoin Transactions Actually Work?

If your one goal in life is to learn how to spend Bitcoin, you're in the right place. The good news is you don't have to understand many technical details to begin using Bitcoin or altcoin (any other digital currency except Bitcoin) to buy something. 

The bad news is that to look under the hood at exactly how a digital currency transaction goes down might make you queasy - sort of like watching sausage being made. One thing is fairly certain. These digital or cryptocurrencies aren't going away anytime soon, so you might as well get familiar with them. Who knows? They might eventually replace the paper-based fiat currencies we've been using forever.

What is Blockchain Technology

A Simple Guide to Blockchain Technology

When the conversation turns to blockchain technology, do the words you hear resemble "Blah, blah, blah," like when an adult speaks in the Peanuts comic strip? Trust us; the momentary panic is not necessary. We're not here to say you need to understand all the ins and outs of how blockchain technology works, but if you ever want to buy, sell, or invest in cryptocurrency or grasp how the future internet might work, pull up a chair and listen for a spell. 

We'll keep it understandable and with a minimum of technobabble. But before we talk about the technology that might be the most astounding advancement since the internet itself, let's examine the old way of doing things.

Choosing the Right Digital Wallet to Store Your Cryptocurrency

How to store your Cryptocurrency

As you might have figured out in your research in cryptocurrencies, storing digital currency like Bitcoin isn't as satisfyingly easy as whipping out your worn leather wallet from a back wallet and cramming a few more notes inside. 

No sirs and madams. Keeping your hard-earned cryptocurrency safe from various types of cyber-criminals requires knowledge and planning. Keep reading, and we'll take care of the knowledge part. As for planning, that's up to you.

How to Choose the Best Cryptocurrency Exchange

So, you want to trade cryptocurrencies, but you're pretty sure there's a smart way to do it and a dumb way. You're right with that assessment. Here's a hint. A foolish move would involve almost anything other than using a credible online cryptocurrency exchange. The trick lies in discerning the credible from the - shall we say - shady as heck. For Australian traders and investors, check out the following list of trading platforms that have been around awhile (which is a relative term when it comes to the cryptocurrency industry) and proved themselves to be legitimate operators not likely to steal your money and head for the Outback.

Bitcoin's Major Competitors in the Cryptocurrency Industry

Types of cryptocurrencies

When it comes to digital currency, one leads the pack. We're talking about Bitcoin (BTC), the first and still the most popular in this nascent industry of cryptocurrencies. 

As the initial currency built with blockchain technology and utilising a decentralised Peer-to-Peer (P2P) network, Bitcoin is more than just the face of the industry. It is the industry. 

Bitcoin beginners guide - How to buy your first bitcoin

Buy Your First Bitcoin in Less Than 30 Minutes

Here's a statistic to make you cry. 

One hundred dollars invested in Bitcoin in 2011 would be worth $5.7 million in 2018.

If you had known how that particular currency was going to take off - well, let's just it would have been a heck of a retirement plan. With Bitcoin now running at almost $15,000 (at time of writing), it might be tempting to think the party is over. Maybe, but probably not.

Cryptocurrency Dictionary

An Easy Explanation of Terms around Cryptocurrencies

Do you feel like a dunce whenever the conversation turns to a digital currency like Bitcoin and its variants, and the terminology flies fast and furious?

Never fear. We’re here to offer a concise explanation for those cryptic terms. By the time you make it to the end of this article, you’ll be able to drop words like blockchain, the latest fork, and the security benefits of P2P like you were born to it. Let’s get started.

What is Cryptocurrency

Cryptocurrency Basics for Investors, Traders, and Revolutionaries

Cryptocurrency. The name itself sounds faintly sinister, but it’s not.

Put simply, it’s nothing more or less than digital money.

Beginning with the release of the first cryptocurrency, Bitcoin, in 2009, the idea of digital cash has worked its way into the global frame of reference.

A Short but Intense History of Digital Currency

The history of digital currency

If you thought that the history of digital currency began with the release of Bitcoin in 2009, your wrong. The truth is that Bitcoin just happened to be the first genuinely successful digital currency (cryptocurrency). The history of official cryptocurrency attempts can be traced all the way back to 1996 and a little project known as E-Gold. Remember that one? Probably not. Don’t feel bad. Not many people do. As cryptocurrencies continue to multiply and expand, let’s reflect on how we got here from there.