Excerpt from “Crypto World” available at www.freedomstreaming.io

Bitcoin is yours and cannot be taken from you by the government. The banks cannot freeze your Bitcoin wallet. This is because Bitcoin uses cryptography to secure your funds. That is why it is called a cryptocurrency. Cryptography can simply be thought of as very sophisticated math. In order to spend your Bitcoin, a signature must be signed, similar to how you need to sign your signature on a check. A Bitcoin wallet generally gives you several public addresses for you to receive Bitcoin. Each public address has an associated private key stored within your wallet. The private key must be used to sign for a transaction in order to spend the Bitcoin in the related public address. …


Excerpt from “Crypto World” available at www.freedomstreaming.io

Bitcoin has now become the new gold standard, the ultimate digital store of value. Nowadays, Bitcoin can easily be exchanged into fiat or used to fund Bitcoin debit cards. But most importantly, it is the gold standard for trading all crypto altcoins. Bitcoin has intrinsic value similar to gold because it has similar properties. Bitcoin is divisible to 8 decimal points, which means you can purchase a fraction of a Bitcoin. Most people do not know this and think that Bitcoin is too expensive. The smallest fraction of a Bitcoin is called a Satoshi. Bitcoin is not created out of thin air. It actually very expensive to create new Bitcoin now. Like gold, it must be mined in order to discover new Bitcoin. Bitcoin is mined through a system called Proof-of-Work (PoW) which we will explain later. This means that miners are not only combining transactions into blocks, but for the blocks to be valid they have to solve a cryptographic puzzle. …


Excerpt from “Crypto World” available at www.freedomstreaming.io

On January 12, 2009, the first Bitcoin transaction was sent from the anonymous creator, Satoshi Nakamoto to Hal Finney. Since then, Bitcoin has surged in popularity and adoption, shaking the very foundations of the financial system worldwide. Bitcoin was created to be digital currency, backed by cryptography and a new networking method called blockchain. Thus, Bitcoin was dubbed the first cryptocurrency. The creation of Bitcoin, the first cryptocurrency, and the underlying blockchain technology has completely changed our perception of money, value, freedom, and censorship. …

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