It’s a typical thought that bitcoin is just too difficult
for non-technical individuals to know. whereas the topic will get advanced, the
fundamentals square measure accessible to anyone UN agency needs to find out
regarding it.
What is a bitcoin address?
A bitcoin address is a public “key” (a string
of 34 – 36 characters) that can receive Bitcoins. Each public key has a
corresponding private key known only to it’s owner which proves ownership
of coins. Both public keys (bitcoin addresses) and their matching private
keys are created by and stored in bitcoin wallets.
Technical jargon and concepts aside, bitcoin is
simply digital money. You can store it in a digital wallet and use it
to purchase goods, services, or other currencies from anyone
willing to accept it. For the average user, the learning curve for
using and storing Bitcoin isn’t any more complicated than online banking,
Paypal, or another familiar digital currency. The concepts surrounding
Bitcoin are typically pretty simple to grasp, most of the difficulty comes from
wrapping ones head around a number of new concepts at once.



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