Decodificación Crypto: Comprensión de Bitcoin y Términos Clave

¿Qué es Bitcoin? Key crypto terms and what they mean

¿Qué es Bitcoin? Key crypto terms and what they mean

Bitcoin is a digital currency that was created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

Key crypto terms

  • Cryptocurrency: A type of digital or virtual currency that uses cryptography for security.
  • Blockchain: A digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
  • Wallet: A digital wallet is a software program where bitcoins are stored.
  • Mining: The process of validating transactions and adding them to the blockchain in exchange for new bitcoins.
  • Exchange: A platform where users can buy or sell bitcoins for fiat currency or other cryptocurrencies.

Understanding these key terms is essential for anyone looking to get involved in the world of Bitcoin and cryptocurrency.

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