Bitcoin and other cryptocurrencies continue to grow in popularity throughout the world. This digital currency is not controlled by a single entity, rather, people control and produce Bitcoin on their own.
Cryptocurrency is stored on the blockchain, which is a decentralized digital ledger that records all transactions. Each blockchain has its own unique digital ledger that is maintained by a network of computers, called nodes.
One of the most common questions from people that are new to the crypto space is how Ethereum gas fees work. Bitcoin is fairly easy to understand with it being a first generation blockchain, but Ethereum can be confusing to those new to the cryptocurrency.
Ever since its inception, Bitcoin has had user security and privacy in mind. However, despite its reputation for being secure, the security, traceability, and hack resistance of Bitcoin have been topics of debate and concern among users and experts alike.
The only safe way to double your Bitcoin in 24 hours is to purchase more coins. If an investment opportunity sounds too good to be true, it’s probably a scam. And sadly, the popularity of Bitcoin scams continues to grow with the popularity of the coin itself.
Just like in real life, your wallet must be secured. You wouldn’t walk around with your entire life savings in cash in your pocket – would you? Fortunately, there are several ways to safely store your wallet.