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Bitcoin for Beginners - cover

Bitcoin for Beginners

Roberta Taylor

Publisher: Blu Editore

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Summary

Bitcoins are a type of digital currency that can be created via a free software application and transferred across the Internet without the use of financial institutions or clearinghouses.  This means that there is no physical form of this currency; it is not like a U.S. Dollar or a Euro, or even like a piece of gold or silver.  You cannot touch bitcoins and be in physical possession of them like you can those aforementioned physical currencies. 
The best way for you to understand digital currency is by thinking of it as a code. The strength of the code makes the currency stronger. Cryptography ensures that the code cannot be accessed without proper authorization. This code has never been broken, though many people have tried! 
How can Bitcoins be used then?  A computer, Smartphone, tablet, or any device with Internet access can easily transfer Bitcoins from one person to another, even in transactions between a user and a business website.  The number of bitcoins you have are stored in your “digital wallet,” which is similar to screens you see when you use online banking forms to authorize transactions.  
 
 
Table of contents 
 
What Are Bitcoins?	 
What Are Digital Currencies And How Do They Work?	 
Bitcoins As An Investment	 
How To Access And Use A Bitcoin Account	 
Getting Started	 
Receiving Bitcoin	 
Sending Bitcoin	 
How to Buy Bitcoin	 
Bitcoin Fractions	 
Bitcoins Mining	 
Conclusion

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