Why use bitcoin when we already have credit cards, debit cards and even electronic cash? Well, bitcoin is far better than those. There are a number of key differences in the way they function, including: No accounts -- you do not have to have a bank or credit card account to use bitcoin. This means you don't have to be over 18, or live in a developed economy, have a regular … [Read more...] about How Is Bitcoin Better Than Debit or Credit Cards?
Bitcoin is completely open and available for anyone to use, without permission or identification. It has opened the world of international digital commerce to anyone with a smartphone -- including those running scams. Millions more people can now participate in commerce, finance, currency trading and investing. However this new openness also requires increased alertness and … [Read more...] about How to Avoid Bitcoin and Cryptocurrency Scams: Ask These Questions
You've probably seen a ton of articles that mention "blockchain, the underlying technology of bitcoin." Or others that tell you bitcoin isn't taking off, but the "technology behind it" is compelling. The word "Bitcoin" may refer either to the currency unit (or "token") or the entire network itself. This network functions by grouping transactions in blocks every ten minutes, … [Read more...] about What’s the Difference Between Bitcoin and Blockchain?
The answer to "is Bitcoin legal?" is: yes. Despite rumors, warnings and even attempts over the years, no jurisdiction has ever prosecuted anyone merely for using bitcoin. Most advanced economies accept that bitcoin is innovative and here to stay. Many encourage open development of bitcoin, blockchain and cryptocurrency applications. Some take a cautious approach, regulating … [Read more...] about Is Bitcoin Legal? Can I Use Bitcoin in My Country?
Altcoins are cryptocurrencies and other digital tokens built using cryptographic technology similar to Bitcoin's. Given Bitcoin's far larger market cap and status as the world's first cryptocurrency, those that came after are commonly called "alternative coins," or "altcoins" for short. Altcoins can have different purposes. Some have the same use case as Bitcoin, but with … [Read more...] about What Are ‘Altcoins’? Are They Better Than Bitcoin?