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What is Bitcoin Mining? Bitcoin mining is the process that keeps the Bitcoin network runnings. Miners are people who use powerful computers to solve complex puzzles that conifrm and record transactions on the blockchain. As a reward for their work, miners receive new Bitcoin. When Bitcoin first started, almost anyone could mine it with…
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Is Cryptocurrency Safe? This is one of the first questions beginners ask, and the honest answer is: it depends. The technology itself, blockchain, is considered very secure. Transactions are recorded publicly and can’t easily be changed. The ways people buy, sell, store and promote crypto can involve risks. The main dangers include scams, fake…
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What are stablecoins? Stablecoins are a type of cryptocurrency designed to stay steady in price. Unlike Bitcoin or Ethereum, which can jump up and down in value, stablecoins are usually linked to a real world currency like the US dollar. For example, one stablecoin is meant to always equal on dollar. People use stablecoins…
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Why is Cryptocurrency so Volatile? If you’ve ever looked at a crypto price chart, you’ll notice it moves up and down much more than regular stocks and currencies. THis is called volatility, and it’s one of the biggest differences between crypto and traditional investments. One reason is that crypto is still relatively new, and…
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What is a Crypto Wallet? A crypto wallet is where you keep your cryptocurrency safe. Unlike a normal wallet that holds cash, a crypto wallet stores the keys that let you access your digital money. These keys are special codes that prove the coins belong to you and let you send or receive them.…
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What is Cryptocurrency? Cryptocurrency is a type of digital money that only exists online. Unlike dollars or coins in your wallet, it is not printed by a government or controlled by a central bank. Instead, it runs on computer networks that record every transaction on something called a blockchain. A blockchain is like a…