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  • addWhat is Bitcoin?

    Bitcoin is a popular digital currency, basically internet money, created and stored electronically. It’s not centrally controlled, nor are bitcoins printed; instead, bitcoins are made by people and businesses that process the transactions with their data centers or computers, and when they do this, a little more Bitcoin is made each time.

    Bitcoins belong to a growing category of digital money called “cryptocurrency.” “crypto” is short for cryptography, which is like a password that is very long and hard for big supercomputers to break, making it very safe and hackproof.

    One of Bitcoin’s most distinguishing characteristics is that it’s completely decentralized. This means that its network is not controlled by any one institution. This makes a lot of people feel secure because it means that a large bank or institution or government central bank or government won’t be able to control their money.

  • addWhat is the advantages of using Bitcoin or AOECOIN?

    There’s many advantages to using Bitcoin or AOECOIN, many of which include:

    - Quick, Easy and Convenient : You can send and receive bitcoins anywhere in the world at any time in a matter of a few minutes to as long as an hour during highly congested times. Compare this to 3-5 days on average for international wire transfers.

    - Low Fees : Normally, the fees for Bitcoin transactions are very small. Bitcoin fees can fluctuate due to the dynamic fee market. In addition, some wallets will also allow you to pay a fee you’re willing to spend. With higher fees, you’ll get faster confirmation of your transactions. Compare $45 from a bank for an international wire transfer of $5,000 USD to just $2.45 for a Bitcoin transaction. (Our real life experience recently)

    - Secure : When using Bitcoin, users remain in control of their transactions. You’re also protected from identity theft since Bitcoin payments can be made without personal information associated with the transaction.

    - Transparent : All Bitcoin transactions are fully available on a public record that is sent to and stored on all the computers in the network constantly, which is called a “blockchain” (blocks of transactions together in a row one after the other, and connected in order, thus making it verifiable and hard to tamper because the whole record can easily be picked up as genuine or fake. This is for anybody to verify and use in real-time whenever they want for free.

    - Pro-Consumer and anti-corrupt greedy central banks: Big banks and Central banks have endlessly committed fraud against the consumer in consistent fashion and are still doing it today. When bankers fraud everyone or implode economies, they always get away with it and the banks merely pay a fine, IF they get caught, usually a fraction of the real loss they cause. The big losses become government debt and the average person taxpayer gets left with the hook. People are sick and tired of this terrible system and want to use digital currency instead because its money made by the people for the people and is a real consumer person to person democratized market economy. Those who believe in the power of the peope and who are strongly against corruption tend to prefer Bitcoin and other digital currencies like AOECOIN.

  • addHow many options to get Bitcoins?

    Use the following options to get Bitcoins :

    - Online Exchanges and Wallets : New to Bitcoin? There’s a variety of exchanges and wallets that you can find, depending on your needs. Many exchanges and wallets will store amounts of digital and/or fiat currency for you – a lot like a regular bank account.

    - LocalBitcoins.com : You can search for individuals selling Bitcoin in your area. It’s easy. Simply enter the amount you wish to acquire, send the trade request and send your payment to the seller.

    - Face to Face : You also have the option of getting bitcoins in person. If you want anonymity or don’t want to deal with banks, simply acquire Bitcoin via a face-to-face transaction with a local seller.

    - Selling Goods in Exchange for Bitcoin : Similar to barter trade, you can actually exchange goods that you own for Bitcoin. It’s another quick and convenient way of getting more of the digital currency.

    - Bitcoin ATM : You can withdraw or deposit bitcoins using Bitcoin ATM machines near you

    - Mining - You can also be awarded bitcoins as a miner : once you’ve verified transactions and they’ve been added to the public ledger, also known as the blockchain, you’ll be given bitcoins for your service.

    As for paying for your bitcoins, you can use anything from hard cash, credit and debit cards to wire transfers, or even other cryptocurrencies.

  • addHOW CAN I SELL BITCOIN?

    There are several main ways to sell Bitcoin:

    - Buy AOECOIN with it on Waves DEX (Decentralized EXchange)

    - Direct Trade : The first method involves a direct trade with another person, or using an intermediary to enable the transaction, such as LocalBitcoins.com.

    - Exchanges : Use an online exchange to trade into their preferred currency, instead of another individual, to sell bitcoins.

    - Secure : When using Bitcoin, users remain in control of their transactions. You’re also protected from identity theft since Bitcoin payments can be made without personal information associated with the transaction.

    - Peer-to-Peer Trading : This method allows Bitcoin owners to sell their bitcoins for goods by selling them to individuals who wish to acquire cryptocurrency.

  • addHOW DOES BITCOIN WORK?

    Bitcoin transactions occur between electronic Bitcoin wallets, and are digitally verified and signed for security. Thanks to the massive public ledger (spreadsheet record) called the blockchain, users are aware of all transactions, and its history and when bitcoins were generated can be tracked.

    If you send some bitcoins to, say, a friend, that transaction will have three pieces of information:

    - The amount of Bitcoin you wish to send.

    - The recipient’s wallet address, generated randomly and consisting of a sequence of letters and numbers – this is where you’ll be sending your funds.

    - A private key, which is also a unique sequence of numbers and letters exclusively available to you. This key will allow you to access your wallet.

    Once a transaction is set up, it makes its way into the Bitcoin network where it awaits verification. Through the process of mining, miners use software to solve mathematical problems. Once completed, the transaction successfully moves into the blockchain.

  • addIs Bitcoin Safe and Secure?

    Bitcoin has a strong track record for security and privacy, thanks to its protocol and cryptography (military level security of anti-code breaking secret code). With private keys (sophisticated passwords), individuals’ wallets (accounts) are kept secure. The only way this would not be true is if users lose this information (their passwords)

    This is why, you should always take care with securing your funds (passwords and backup codes), and we’ve assembled some tips and tricks to help you along the way.

  • addWHAT IS THE BLOCKCHAIN?

    The blockchain, is a huge, shared public ledger (database or spreadsheet) where the entire Bitcoin network is situated. All verified transactions are added to the Blockchain, where everyone can see information pertaining to Bitcoin wallets and verify their balances.

  • addWHAT IS MINING?

    Bitcoin mining primarily involves adding previous Bitcoin transaction records to the blockchain. The people involved are called miners; their job is to confirm the transactions to the network by solving mathematical problems using a software, as well as work towards using the blockchain to distinguish legitimate transactions and ensure that double spending does not occur. Double spending is when the same Bitcoins have been used twice.

    The main goal of mining is to ensure security within the Bitcoin network. As a secondary goal, mining is also used to introduce Bitcoins into the system. As an incentive, miners get paid in Bitcoin for their services.

  • addWHERE CAN I SPEND BITCOIN?

    There’s plenty you can do with your bitcoins. Spend them online or in actual stores across a variety of industries – including travel, hospitality/hotels, etc.

    You can also make a great investment into AOECOIN and secure the energy future of mankind.

  • addIS BITCOIN ANONYMOUS?

    Bitcoin transactions are not tied to any personal information which allows users to protect their privacy. However, since all Bitcoin transactions are public knowledge and permanently on the blockchain, other users can see the activity associated to a particular wallet address—hence not being 100% anonymous. It is highly recommended to only use Bitcoin addresses once to avoid your identity being revealed either through a specific purchase or other means. If you sent someone Bitcoin, they can possibly find out what account is yours, and check the balance of that account. They will know how much money you have in that account. Many users will make a new wallet and send a bit of Bitcoin to it for each transaction where their identity might be known, thus making it harder for people to find out their balances.