bitcoin notes.

myBitcoinReadme.md

My bitcoin notes.

Decentralized digital currency

• Not central authority to shut down. - not central point of failure
• no frozen accounts
• no fees

How it works

concepts: ledger - bank statement

Blockchain

• Decentralized ledger

• Miner

• Proof of work - easy to verify - add to the blockchain

  block - block of transactions

Bitcoin wallet

Use a bitcoin wallet to store, send and receive bitcoin.

• Bitcoin address
• Bitcoin private key

Walltet Providers

• coinbase - stores your privates keys
• blockchain - give tools for you to hold private keys

Ways to get bitcoin

• get paid in bitcoin
• bitcoin atm
• trade bitcoin
• localbitcoin
• mining
• online exchanges
• coinbase