BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...      BTC Fetching...      ETH - Ethereum ETH Fetching...      BCH - Bitcoin Cash BCH Fetching...      LTC - Litecoin LTC Fetching...      XRP - Ripple XRP Fetching...      BNB - Binance Coin BNB Fetching...      EOS - EOS EOS Fetching...      XLM - Stellar XLM Fetching...      ADA - Cardano ADA Fetching...      TRX - TRON TRX Fetching...     
Bitcoin Infographic

Bitcoin Infographic

Posted on

Bitcoin Infographic (Bitcoin Explained In Pictures)

Cryptocurrency is not always easy to understand. So why not go back to basics, and use pictures? That is what our friends at Bitcoinfy.net has done, and this Bitcoin infographic is the result:

Picture 1 - Bitcoin Infographic

Picture 2 - Bitcoin Infographic

Picture 3 - Bitcoin Infographic

Picture 4 - Bitcoin Infographic

Picture 5 - Bitcoin Infographic

Picture 6 - Infographic

Picture 7 - Bitcoin Infographic

Picture 8 - Bitcoin Infographic

Picture 9 - Bitcoin Infographic

Picture 10 - Bitcoin Infographic

Picture 11 - Bitcoin Infographic

Picture 12 - Bitcoin Infographic

Picture 13 - Bitcoin Infographic

Picture 14 - Bitcoin Infographic

Picture 15 - Bitcoin Infographic

Picture 16 - Bitcoin Infographic

Picture 17 - Bitcoin Infographic

Picture 18 - Bitcoin Infographic

 

A Little Bit About Cryptocurrency in Words

Blockchain Network

Blockchain network is a set of blocks each specifying a user. A blockchain is a digital public ledger that the world uses for storing and recording transactions made by users. It is a decentralized ledger through which the transactions solely takes place between the users without the interference of any of the central authority. Blockchains also come in three different types: public, private and consensus blockchain. Public blockchain has no access restrictions and anyone with an internet connection can perform transaction.

Bitcoin Origin

Bitcoin is the first ever decentralized digital or virtual currency generally termed as cryptocurrency. The invention of Bitcoin occured in the year 2009. Apparently, the inventor has an alias of Satoshi Nakamoto. Bitcoin follows a peer-to-peer networking system. The blockchain records/stores all the transactions that have taken place using bitcoins or cryptocurrency. Once the blockchain has recorded the transaction, nobody can remove or alter the transaction. You simply can’t tamper with the data. This feature prevents the double spending by the users and allows to have safe & secure transactions.

Transactions and Usages

Whenever a transaction takes place a new block is added to the blockchain. The time taken by the network to add an other block to the blockchain is known as block time. The block time of bitcoin is 10 minutes. Transaction between the users implies to the transactions between the crypto wallets of the users.

After the bitcoin many other crypto forms have been emerged by making slight changes in the structure and functioning, while some among them have reached the great points and some are still being worked on. The block time of Bitcoin is 10 minutes and the block time of Ethereum is 20 seconds. Accordingly, the newer cryptocurrencies are much faster. One of Bitcoin’s many popular usages is to play games online. Finally, you should check out Cryptowisser’s Cryptocurrency Casino List and find your best cryptocurrency casino there.

4 responses to “Bitcoin Infographic

  1. Hello there! Quick question that’s entirely off topic. Do you know
    how to make your site mobile friendly? My website looks weird
    when viewing from my apple iphone. I’m trying to find a template or plugin that might be able
    to resolve this problem. If you have any recommendations, please share.
    Thanks!

  2. Hi there excellent website! Does running a blog such as this take a lot of work? I have absolutely no understanding of computer programming however I had been hoping to start my own blog soon. Anyway,if you have any recommendations or tips for new blog owners please share. I understand this is off subject but I just wanted to ask.
    Many thanks!

  3. Hi! I’m at work surfing around your blog from my new iphone 3gs! Just wanted to say I love reading through your blog and look forward to all your posts! Carry on the excellent work!

  4. We are a gaggle of volunteers and starting a brand new scheme in our community. Your site offered us with helpful information to work on. You’ve performed
    an impressive job and our whole neighborhood can be thankful to you.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest blog posts

View all →
Making Money with Crypto Arbitrage

Making Money with Crypto Arbitrage

Posted on December 16, 2019

1. What is Arbitrage Introduction You’ve probably heard of arbitrage before. Sometimes shortened to ARB, it involves the purchase and sale of identical assets at the same time. This gives traders the chance to profit from a mismatch in their prices, which is what everyone dreams of, right? This type of trade earns profits by … Continued

Keep reading
Types of wallets, online wallets, hardware wallets etc.

Types of wallets, online wallets, hardware wallets etc.

Posted on January 17, 2020

A cryptocurrency wallet is digital software that stores all your hard-earned digital currency. Not just that, it also secures your private keys so that your Bitcoin is safe. A Bitcoin wallet is an essential part of Bitcoin trading and you need to have a Bitcoin wallet to start crypto-trading. There are so many different kinds … Continued

Keep reading
No More Nordea Bitcoin – Bank Employees Banned from Trading

No More Nordea Bitcoin – Bank Employees Banned from Trading

Posted on January 12, 2020

Introduction Although many folks refer to Bitcoin as anonymous money, it has a transparent blockchain, which you can easily inspect. This means that people around the globe have flexible financial freedom. This is an organized financial system. The good thing about Bitcoin is that it’s not controlled or owned by any government, company, or individual. … Continued

Keep reading