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Go down the Bitcoin path, from basics to advanced. Embark on your journey to understand the intriguing world of Bitcoin with our specially curated educational content. Our resource is thoughtfully divided into six comprehensive sections, each filled with informative videos and detailed written materials, designed to deepen your knowledge at your own pace. Learn how to question everything, time to take the Orange pill!
01
What is Bitcoin?
Bitcoin is a digital currency introduced in 2009 by an unknown creator, Satoshi Nakamoto. It operates on a decentralized network supported by blockchain technology, enabling secure and direct transactions without the need for central authorities.
02
The Technology Behind Bitcoin
Blockchain is the foundational technology behind Bitcoin, acting as a decentralized ledger that records all transactions across a network of computers. This technology ensures transparency and security by linking and encrypting blocks of data, making it nearly impossible to alter once part of the blockchain.
03
Bitcoin Mining
Mining is the process that powers the Bitcoin network, where miners use specialized computers to solve complex mathematical problems. This process validates transactions, adds them to the blockchain, and ensures the network's security. In return, miners are rewarded with newly created Bitcoins, incentivizing their role in maintaining the system's integrity and decentralization.
04
Decentralization, Transparency and Security
Bitcoin is celebrated for its decentralization, ensuring no single entity controls the network. This feature, coupled with the blockchain's transparent ledger, allows every transaction to be publicly verified, enhancing security. Such transparency prevents fraud and unauthorized transactions, making Bitcoin a robust and secure digital currency system.
05
Bitcoin Halving
Bitcoin halving is an event that halves the reward for mining new blocks, occurring roughly every four years, or after 210,000 blocks are mined. This process, designed to control inflation and maintain scarcity, significantly impacts Bitcoin's economy by reducing the rate at which new bitcoins are generated, thus potentially influencing the market price due to decreased supply.
06
Bitcoin Custody and Wallets
Bitcoin self-custody refers to the practice of individuals personally managing their own Bitcoin rather than relying on a third party, such as an exchange or bank, to hold it for them.Self-custody offers the highest level of security and control, as the user does not need to trust any external entity with their assets.
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Now that you have successfully been Orange-pilled, time to stay updated and read our blog to dig deeper into the Bitcoin rabbit hole:
