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What is bitcoin?

what is bitcoin? To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network …

What is a Bitcoin Wallet?

A Bitcoin wallet is the first step to using Bitcoin. Why? A “wallet” is basically the Bitcoin equivalent of a bank account. It allows you to receive bitcoins, store them, and then send them to others. You can think of a wallet as your personal interface to the Bitcoin network, similar to how your online …