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Bitcoin Technology

Details about how Bitcoin works and the tech behind it, simplified so average people can understand it.

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What Is Bitcoin Made Of?

May 6, 2022
Category: Bitcoin Mining, What Is Money
Subcategory: Bitcoin Baby Steps, Bitcoin Questions, Bitcoin Technology

What is bitcoin made of? Bitcoin is made of 1's and 0's because bitcoin is computer code. That's oversimplifying a bit, and I'll dig into the details of what actually makes bitcoin…bitcoin, but for the introduction here, it's sufficient to say …

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What Backs Bitcoin?

March 4, 2022
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Questions, Bitcoin Technology

Bitcoin is digital money, and up until bitcoin existed, everything digital could be replicated. It was just a simple copy-paste job and you could have infinite of anything that existed online. Bitcoin was the first time that something could be both …

Read moreWhat Backs Bitcoin?
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Bitcoin VS “Crypto”

March 3, 2022
Category: Bitcoin VS Crypto
Subcategory: Bitcoin Baby Steps, Bitcoin Technology, Opinion

Bitcoin and cryptocurrency are often lumped into one category, and the words are even used interchangeably. After all, bitcoin is a cryptocurrency, right? In my opinion, bitcoin and crypto are two different things. I didn't always believe this! Not …

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hacker sitting in dimly lit room looking at green code on screen with bitcoin logo

Can Bitcoin Be Hacked?

January 26, 2022
Category: Bitcoin Problems
Subcategory: Bitcoin Questions, Bitcoin Technology

Bitcoin is a new type of money that relies on computers around the world to mine new coins into existence, send & receive to wallets, and validate & verify transactions. Without computers and the internet, bitcoin wouldn't be possible. I don’t …

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Bitcoin VS Web3

December 27, 2021
Category: Bitcoin VS Crypto
Subcategory: Bitcoin Technology

Web3 seemed to emerge out of nowhere to the forefront of the news cycle in a single day, so as I write this, it's unclear if Web3 will actually still be a thing next week. In this article, I'm going to give you a brief overview of what Web3 is, what …

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Where Is Bitcoin Stored?

December 15, 2021
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Technology

Bitcoin was the first digital asset the world had ever seen. It's the only digital asset worth buying and holding. Bitcoin isn't just one kind of digital money – it's the only digital money. But there is no physical bitcoin, so when you buy …

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bitcoin being locked away in a bank safe

Is Bitcoin Safe?

November 19, 2021
Category: Bitcoin Problems
Subcategory: Bitcoin Questions, Bitcoin Technology

5 Questions About Bitcoin Safety Bitcoin is an entirely new concept that many people are not familiar with, so in my opinion, it's fair enough to ask if bitcoin is safe. Another concept that took a while to get used to was not just shopping on the …

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physical gold bitcoin held in black and white hands

Can You Buy Physical Bitcoin?

October 20, 2021
Category: Bitcoin History, Cold Storage
Subcategory: Bitcoin Questions, Bitcoin Technology

The biggest innovation of Bitcoin is that it is digital money, without a physical form. It was “born” digital first. This is different from gold or paper currency, which started as physical, but can be transformed into a digital form of …

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pink and blue map of bitcoin across the globe

5 Uses For Bitcoin You Might Not Know About!

July 29, 2021
Category: Basic Bitcoin Knowledge
Subcategory: Bitcoin Technology, Bitcoin Uses

The main use for Bitcoin a lot of people imagine is basically to get rich. They see the number go up and they want to hop on the train. It doesn't really matter what Bitcoin does as long as the price increases. I can definitely relate to this. I …

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What Is Money?

Money is fundamentally a form of information. Money is not about atoms, it is about bits

Hal Finney

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