9 Articles in this section
Bitcoin - with capitalization, is used when describing the concept of Bitcoin, or the entire network itself. e.g. "I was learning about the Bitcoin protocol today." bitcoin - without capitalization,...
A Bitcoin address is similar to a physical address or an email. It is the only information you need to provide for someone to pay you with Bitcoin. An important difference, however, is that each addre...
A block is a record in the blockchain that contains and confirms many waiting transactions. Roughly every 10 minutes, on average, a new block including transactions is appended to the blockchain throu...
The block chain is a public record of Bitcoin transactions in chronological order. The block chain is shared between all Bitcoin users. It is used to verify the permanence of Bitcoin transactions and...
Confirmation means that a transaction has been processed by the network and is highly unlikely to be reversed.Transactions receive a confirmation when they are included in a block and for each subsequ...
If a malicious user tries to spend their bitcoins to two different recipients at the same time, this is double spending.Bitcoin mining and the blockchain are there to create a consensus on the network...
The hash rate is the measuring unit of the processing power of the Bitcoin network. The Bitcoin network must make intensive mathematical operations for security purposes. When the network reached a ha...
Bitcoin mining is the process of making computer hardware do mathematical calculations for the Bitcoin network to confirm transactions and increase security. As a reward for their services, Bitcoin mi...
A Bitcoin wallet is loosely the equivalent of a physical wallet on the Bitcoin network.The wallet actually contains your private key(s) which allow you to spend the bitcoins allocated to it in the blo...
