A Beginner’s Guide to Bitcoin (BTC): Introduction to the Cryptocurrency World

getting started with bitcoin

Getting started with Bitcoin shouldn’t be difficult and to help out, we’ve created a detailed introduction to bitcoin for beginners that will make things easier. Everything you need to know about bitcoin and cryptocurrency is found below. What is bitcoin and how does it work, what are blockchains, Bitcoin miners (and how does Bitcoin mining work), and how do cryptocurrencies work? These are just some of the questions we’ll try to answer.

Throughout history, people have used a variety of methods to exchange value between each other. At the beginning, people transacted with commodities with an intrinsic value such as livestock, seeds, gold, and silver. Less valuable commodities were also used, such as cowry shells or beads.

These methods of transactions were gradually replaced by coins and paper money. Later on, commodity-backed money appeared, which consisted of items representing the underlying commodity (for instance: gold certificates).

For the longest time, currencies were privately issued; governments did not claim a formal monopoly over the issue and use of money within their territories- and people were free to transact in the way the deemed proper.

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