Learning about Bitcoin from the Source

As with anything the best bet is to start at the source. In this case the source is bitcoin.org

The first thing I did is watch the video on YouTube. You can find basics like the benefits of using Bitcoin (direct payments from user to user without a bank, lower transaction fees, useful in every country, accounts can not be frozen, no prerequisites or limits) as well as how the network is P2P and decentralized. It only takes maybe an hour to learn the basic elements of Bitcoin so I suggest starting there.

Next I read the entire Getting Started with bitcoin at bitcoin.com but focused on the How To Use Bitcoin section. This includes reading through “Some thing you need to know”, checking out the different wallet options, looking at the exchange options, and looking through the list of merchants that accept Bitcoin. At this point I felt like I had a basic overview of Bitcoin its self but wanted learn more about how it works in detail. Questions that come to mind are things like “Who started this?” ” Who is making money off this?” “How safe is Bitcoin to use?” and more.

Next step was to read the FAQ section on Bitcoin.org. Here are the frequently asked questions so I figured a lot of the questions I have still can be answered there. After reading it I realized this is one of the most informative pages on their site. I highly recommend everyone reading the whole thing. I could repost some of the main point on here, but one thats a waste of my time, and two it wont benefit anyone if they don’t take the time to read through the entire page.

Finally while reading over the FAQ it linked to the original white paper the creator Satoshi Nakamoto wrote on the the concept of Bitcoin . Its 9 pages long, but if your going to potentially invest in a technology its good to grasp what the creator intended with it.

Other Articles

What IS Bitcoin?

Welcome to the first part of our Bitcoin Learner Series. In this series, we’ll cover many topics right from Bitcoin beginner basics, through to more

Bitcoin Transactions: 3 Scams to Avoid

With the price of Bitcoin (BTC) having increased significantly in recent months (at the time of writing) and the blockchain network busier than ever, thieves,

Blockchain Scaleability Problem

At its root, the blockchain is essentially a distributed ledger where every node in the blockchain keeps its own copy of this ledger. The idea

How to Buy Bitcoin in the UK

The bitcoin crypto currency has grown to be enormously popular during the last several months and the demand keeps on growing. There are several possible

Our Feedback

Vasco
Vasco
2021-02-13
It seems to work. After 4 days of waiting for confirmation of the transaction (I chose a low fee of 15 sat. per byte). It worked out on the third attempt (20 minutes after using the accelerator).
Naina Nasir
Naina Nasir
2021-01-13
This is a great find! Super quick and easy to use too if you're looking to speed things up when sending/receiving Bitcoin
Robert Harrison
Robert Harrison
2021-01-08
Perfect, thanks.
King
King
2021-01-08
This is a hidden gem for anyone sending or receiving bitcoin!
Watson
Watson
2021-01-08
Really good system and easy to use. One thing I would say is that it would be really great if you were able to also include the transaction with some mining pools who will mine it for you (and to guarantee that it will be confirmed that way.)
James morris
James morris
2021-01-08
Great system that I use to speed things up when sending bitcoin
Jenine Wunderlich
Jenine Wunderlich
2021-01-08
There are others that claim to offer the same thing but so far i've had the most success with btcnitro
Jose López
Jose López
2020-12-30
After I waited 5 hours for my transaction with no confirmations, I found this site and started to get confirmations within about 20 minutes. Thank you!
btc accelerator review

Article: Bitcoin stuck in mempool

A few hours later it got confirmed, but I think thanks to a bitcoin accelerator that I found and used. https://btcnitro.com
Should have looked before. This thing worked like a miracle. Next time if something like this happens I will be smarter. 😉

[link to full article…]

Share this article...

Share on facebook
Share on twitter
Share on linkedin