Question 1

What is Bitcoin?

Accepted Answer

Bitcoin is an innovative payment network and a new kind of money. Bitcoin is different than what you know and use every day. Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.
 
Free bitcoin wallets are available for all major operating systems and devices to serve a variety of your needs. For example, you can install an app on your mobile device for everyday use or you can have a wallet only for online payments on your computer. In any case, choosing a wallet is easy and can be done in minutes.
 
You can get Bitcoin by accepting it as a payment for goods and services. There are also several ways you can buy Bitcoin.
 
There are a growing number of services and merchants accepting Bitcoin all over the world. Use Bitcoin to pay them and rate your experience to help them gain more visibility.

Question 2

How does Bitcoin Mining work?

Accepted Answer

Bitcoin trasactions use complex mathmatic equations. Mining machines make these equations heppen and the more machines minning the bitcoin the faster and safer it becomes. Miners are given a fraction of the Bitcoin they help mine, thus turning a profit.

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