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What is Bitcoin?

By Support@MAJ.com and EM @QUE.com
Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is a decentralized currency, meaning there is no government or financial institution regulating it. Bitcoin is unique in that there are a finite number of them: 21 million.

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 a distributed public blockchain network.

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 there is no government or financial institution regulating them.

What is a Bitcoin Exchange?

A Bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different currencies. Bitcoin exchanges are similar to stock exchanges, with traders buying and selling bitcoins based on their current market value.

What is Bitcoin Mining?

Bitcoin mining is the process by which new bitcoins are created. Miners are rewarded with bitcoins for verifying and committing transactions to the blockchain. Bitcoin mining is done with specialized hardware and software.

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