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Frequently Asked Questions
What is cryptocurrency?
Cryptocurrency is a digital or virtual currency that uses cryptography for security. It operates independently of a central bank and can be transferred directly between individuals.
What is blockchain?
Blockchain is a decentralized, distributed ledger technology that records all transactions across a network of computers. It's the underlying technology behind most cryptocurrencies.
What is Bitcoin?
Bitcoin is the first and most well-known cryptocurrency. It was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto.
What is a wallet in cryptocurrency?
A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance.
What is mining in cryptocurrency?
Mining is the process by which new coins are created and transactions are added to the blockchain. Miners use powerful computers to solve complex mathematical problems, and are rewarded with new coins for their efforts.