There are many unique considerations that potential bitcoin investors need to be aware of.
When it comes to Bitcoin, security concerns are different than those for fiat currency.
Bitcoin mining has become considerably more expensive in recent years than it was in the early days of cryptocurrency.
There are many advantages to using bitcoin for everyday or occasional transactions, but it can still be difficult to leverage the cryptocurrency in the same way as fiat currency.
Bitcoin is legal in most countries and for most purposes, but there are some countries that have banned Bitcoin, as well as restrictions that have been placed on Bitcoin use.
Should you invest in bitcoin?
On the Bitcoin blockchain, mining allows transactions to be recorded to the blockchain in a verifiable way and also enables the minting of new bitcoins.
Bitcoin is the original and most popular cryptocurrency.
Proof of work (PoW) is the consensus algorithm used in the Bitcoin network, as well as many other blockchain networks.
SegWit, or Segregated Witness, is an update to the Bitcoin protocol that removes signature data from inside a block to allow for more transactions to fit in each block.
A Bitcoin wallet is a device or program used to store users’ private keys and, therefore, access to spend their bitcoin.