There is a lot to learn when it comes to the world of cryptocurrencies. We want to help make it easy and simple. That’s why we developed this Reference Guide. Simply click on a topic that interests you or that you would like to learn more about.
Bitcoin – A Beginner’s Guide
This is the place to start if you only have a little knowledge about Bitcoin. In these guides, you will learn all about what Bitcoin is and how it works.
For a whitepaper guide that gives a general overview view, go here.
For a PDf guide that goes into a little more detail, check out this page.
What are Cryptocurrencies
From Bitcoin, other digital assets were born. They are known as cryptocurrencies. Just like Bitcoin, you can buy and sell them. Each function a little differently.
Get a list of cryptocurrencies and their simple descriptions right here.
What is Blockchain?
The Blockchain is like a Bank Ledger. It keeps track of all the transactions a cryptocurrency goes through. It differs from a Bank Ledger in that anyone can access and review it. This decentralized system allows for quick innovation and avoidance of double-spending.
Want a basic understanding of Blockchain? Check out this guide.
For a more in-depth guide on Blockchain, you can access this PDF.
To see the Blockchain in action, check out this example of Bob and Alice exchanging a Bitcoin.
What are Public and Private Keys?
Public and Private Keys allow you to send and receive cryptocurrencies to one another on the Blockchain. Remember, you should never give your Private Key to anyone.
For an in-depth view on how Private and Public Keys interact, review this page.
What are Tokens?
Cryptocurrency tokens exist as an entry on the Blockchain ledger. You own the token because your Public Key allows you to create the new entry on the Blockchain.
To learn more about Tokens, go here.
How does a Bitcoin transaction work?
When you submit an entry to the Blockchain, it creates a transaction. All transactions will have an input, an amount that you want to send or receive, and an output.
For a more in-depth guide on transactions, read this article.
What is Bitcoin Mining?
People on the Blockchain who verify your transaction are called miners. They ensure that you can only send your transaction to one person – safe-guarding against double spending. Each miner receives an award for verifying transactions.
Want to learn more about Mining? Go here.