The Academy Abarai The place where words like Bitcoin , Blockchain and Crypto become familiar and easy to understand.
In this section you will find simplified explanations about what Bitcoin , how it works, how you can store and use. You will also find articles that will help you not only understand the blockchain technology, but you will be able to master terms such as Halving, Bitcoin Dominance, Cryptomonede or Mining (how Bitcoin or another Cryptomonede).
In a simplified way we can say that Bitcoin or most cryptocurrencies are exactly like classic money (cash), except that they are completely digital.
For example, on a 100 RON banknote we find a series and a unique number containing information about the date of the show, the quantity of issued banknotes, etc. ( source ). When we deposit 100 RON in our bank account, the bank that manages your account records this operation.
The same way bitcoin Bitcoin blockchain .
To store, send or receive bitcoin you need a digital wallet. Although the Bitcoin does not effectively store your funds, it is used for their safe management. Bitcoin address and perform transactions. There are several types of bitcoin , but for starters our recommendation is to use one of the software type (app that can be installed on the phone or PC). We also urge you to use a "self-home" type wallet (own custody), using such a Wallet you are the only person who has access and control over the funds.
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