So for the first post I would like to warmly welcome everyone interested in Bitcoin and everyone else who is just getting in the amazing world of Bitcoin!
On this blog you will find all information about Bitcoin and other closely related fields. I would also like to encourage everyone to post comments, suggestions or to just say hello :)
Ok, so what actually is Bitcoin? I will try to explain it in as simple terms as I can for everyone to understand.
So in the simplest terms Bitcoin is a digital currency. But there is so much more to it, so keep reading. Bitcoin is a digital currency that allows everyone that is using it to send (pay, donate or whatever) money online. There are many benefits using Bitcoin over any payment system including next to zero transaction fees, anonymous transactions and much more.
That basically means that you can pay for goods, services or send money to your friends, family without paying any transaction fee that most modern payment systems charge today. That makes Bitcoin much more convinient to use, it is also very easy and safe.
Now you might be asking yourself where does Bitcoins come from? Well...its a complex process but I will try to explain it in simple terms. Bitcoins are beeing generated by a very fast computers performing many calculations per second. So the faster the computers, the faster they generate Bitcoins. In the past that was done by the GPUs (video cards), but today there are special devices called "miners" designed for just that, generating (mining) Bitcoins. If you would like to read more on generating, so called mining Bitcoins read HERE.
Now you know where do Bitcoins come from, next time we will talk about different ways of getting some Bitcoins. As the Bitcoin is in its early stages, we believe that it will increase in popularity, usability and in general a lot, so we would like to infrom as many of you as we can so that you can get in the world of Bitcoin too :)
Ok, that is all for my first blog post, please let me know in the comments how did I do, what would you like to see next time? Thanks for reading.
