Bitcoin for Beginners
Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.It is a decentralized digital currency without a central bank or single administrator that can be sent from user to Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Bitcoin has been praised and criticized. Critics noted its use in illegal transactions, the large amount of electricity used by miners, price volatility, and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.
Bitcoin (₿) is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.It is a decentralized digital currency without a central bank or single administrator that can be sent from user to Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin. Bitcoin has been praised and criticized. Critics noted its use in illegal transactions, the large amount of electricity used by miners, price volatility, and thefts from exchanges. Some economists, including several Nobel laureates, have characterized it as a speculative bubble. Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.
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REFERENCES
ATL,
https://www.urbandictionary.com/define.ph
p?term=All%20time%20low
Atomic Swap,
https://www.investopedia.com/terms/a/ato
micswaps.asp#:~:text=An%20atomic%20swap%20i
s%20a,centralized%20intermediaries%2C%20s
uch%20as%20exchanges.&
text=For%20example%2C%20Lightning%20Lab
s%2C%20a,chain%20swaps%20using%20the%2
0technology.
Bag, https://medium.com/investment
Bear/Bearish,
https://medium.com/investment
Bear Trap,
https://www.investopedia.com/terms/b/be
artrap.asp#:~:text=A%20bear%20trap%20is%20
a,of%20a%20rising%20price%20trend.&text=Be
ar%20traps%20can%20tempt%20investors,not
%20end%20up%20taking%20place.
Bitcoin,
https://www.yourdictionary.com/bitcoin#:~:t
ext=noun,Internet%20site%20such%20as%20W
ikileaks.
Block,
https://techterms.com/definition/blockchain
#:~:text=A%20blockchain%20is%20a%20digital,
and%20have%20many%20other%20applicatio
ns.
Block Explorer,
https://marketbusinessnews.com/financialglossary/blockexplorer/#:~:text=A%20block%20explorer%20is%
20a,past%20transactions%20on%20the%20block
chain.&text=In%20other%20words%2C%20a%20bl
ock,of%20individual%20blocks%20and%20transa
ctions.
Block Height,
https://decryptionary.com/dictionary/blockheight/#:~:text=Block%20height%20is%20defi
ned%20as,creating%20permanent%2C%20sec
ure%20digital%20recordings.
Block Reward,
https://support.blockchain.com/hc/enus/articles/213276463-Bitcoin-Glossary
Blockchain,
https://support.blockchain.com/hc/enus/articles/213276463-Bitcoin-Glossary
BTFD,
https://www.cryptowisser.com/glossary/btd
-btfd-buy-the-fuckingdip/#:~:text=BTD%2FBTFD%20(Buy%20The%2
0(Fucking)%20Dip)&text=When%20you%20add
%20an%20F,price%20movement%20is%20only
%20temporary.
Bull/Bullish,
https://cryptotips.eu/en/knowledgebase/what-is-a-bull-market-or-a-bullrun/#:~:text=A%20bull%20run%20is%20a,and%
20the%20beginning%20of%202018.
Burned,
https://www.investopedia.com/tech/cryptoc
urrency-burning-can-it-manageinflation/#:~:text=Coin%20burning%20is%20th
e%20process,according%20to%20the%20Motl
ey%20Fool.
Buy the F$%king Dip,
https://nymag.com/intelligencer/2017/12/m
eaning-of-hodl-and-btfd-bitcoin-termsdefined.html
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