Wednesday, May 15, 2024
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Top 10 | Top 10 Altcoins, BitcoinGlossary.org | Top 10 Altcoins, BitcoinGlossary.org
Like anything that is traded on an exchange, the "top" 10 fluxuates - especially in crypto. However, there are the usual suspects that linger in the Top 10 Altcoin spots.  These are Ethereum, Litecoin, Neo, Ripple, Dash, Monero, IOTA, Dogecoin, etc... . The best way to keep an eye on the top altcoins is to download a cryptocurrency ticker app and...
There are over 1,000 Altcoins.  Altcoins are essentially anything other than Bitcoin.   We don’t want to bog you down with a boring list.  The best way to learn about all of the Altcoins is to check them out on CoinCap.    
Wallets are a place to store your cryptocurrency. Most wallets are free; however, if you'd like to use a hardware wallet (the most secure option), you must purchase a hardware wallet. We recommend purchasing the wallet direct from the manufacturer; however, they can be sold through sites like Amazon.com. A couple of examples are: Nano Ledger S Trezor
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Unlike cash & credit cards, cryptocurrencies are digital currencies - which means they are digitally encrypted.  There is currently no transaction process in existence that is more secure than cryptocurrency. Transactional Benefits of Cryptos include: -There are no “middle men”, which means there are costs associated with middle men.  such as brokers, lawyers or banks, who inevitably raise the costs of...
Word blockchain Fintech technology and Blockchain network concept , Distributed ledger technology, Distributed |
Bitcoin currency is a digital currency that is lives completely online.  There is no physical form of bitcoin.    Bitcoin transactions are done all on a public record keeper, called a public ledger, aka “Blockchain”.    Bitcoin is completely unregulated and decentralized.    The people that keep the bitcoin blockchain working are called miners.  Imagine these miners as a group of people...
Mining is the process which new coins are created and given to computers to help maintain the blockchain network.   The computers or humans that operate them, that mine, are involved in a serious of complex mathematic race to process new transactions on the network.   The “winner” of the race receives an reward, which is currently 12.5 bitcoins.   The reward...
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You can buy as many Bitcoins as your heart (and bank account) desires.  However, it likely makes sense to start with how much Fiat currency you want to invest and then go from there. Currently there are 16 million bitcoins in circulation, we doubt you want to buy every single satoshi of every single bitcoin, to read more about the amount of...
Red cat and question mark | MeowMeow Has A Question, BitcoinGlossary.org
On an exchange.  ie: Coinbase. Opening an account with Coinbase is similar to opening an brokerage account.  They require personal information and go through vigorous approvals like any investment brokerage or bank would do. Face to Face buying; for people that don’t want to share their personal information, there are services to buy Bitcoins & other cryptos in person.  These...
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The value of Bitcoin is determined by the price the market is willing to pay for it.   There are other factors in what actually makes a coin valuable, which has to do with the technology underpinning it / or the project.   However, like any open-market bidding, what investors are willing to pay determines the worth/value.
Faceless hooded anonymous computer hacker
Bitcoin is anonymous because anyone can open a Bitcoin address and send or receive coins with giving their identity.   There is no central bank that requires your personal information.