Crypto Beginner's Guide – Learn Cryptocurrency, Exchanges & Wallets

What is Bitcoin

The capitalized Bitcoin is used to refer to the concept of Bitcoin or the entire Bitcoin network itself. For example: "Today I learned something about the Bitcoin protocol.

What does Bit mean in Bitcoin?

Bit is a commonly used unit after Bitcoin -- 1,000,000 bits equals 1 Bitcoin. This unit is often more convenient for marking tips, goods and services.

A Bitcoin address is like a physical address or an email address. It is the only information you need to provide when someone wants to pay you Bitcoin. However, an important difference is that each address should only be used for a single transaction.

How to Use Binance Launchpool

Binance Launchpool allows users to lock assets to get new coin rewards. The tokens that can be locked are usually stablecoins such as BNB and USDC or FDUSD.

How to Access Binance Launchpool

1. Log in to your Binance account and click Launchpool under the More menu at the top. 2. Next, you will see Binance’s token launch platform page. The first section will show upcoming or ongoing token sales (if any).

What is Binance Launchpool?

Binance Launchpool is a platform dedicated to driving innovation by supporting both emerging and existing high-quality blockchain and Web3 projects. In this guide, you will learn about how Binance Launchpool works, its key benefits, and how users and proj

How to buy inscriptions on Binance

1. First, select the inscription token. In this example, we choose "piin". 2. Next, select the inscription you want to purchase. Click [Buy] to confirm your selection. 3. Carefully review the order details and click [Confirm] to complete the purchase.

How to mint Binance Inscriptions

1. First, open the Inscription Center on the main interface of the Binance Inscription Market.

How to access the Binance Inscription Market

1. Log in to your personal Binance account and click [More] → [Web3 Wallet].

How does the Binance Inscription Market work?

The Binance Inscription Market is essentially an Inscription trading platform in the Binance App. Users can transfer Inscription tokens between the Binance Web3 wallet and the Binance Inscription Market to create trading orders.

What is Binance Inscription Market?

In the cryptocurrency world, an inscription refers to a piece of information attached or "engraved" on the smallest unit of BTC, "Satoshi".

Is Quantum Computing a Threat to Bitcoin?

Yes, most systems that rely on cryptography do, including traditional banking systems. But quantum computers don’t exist yet, and probably won’t be around any time.

Can users band together to attack Bitcoin?

It is impossible to easily change the Bitcoin protocol. Any Bitcoin client that does not conform to the protocol cannot force other users to follow its own rules.

Has Bitcoin been hacked in the past?

The fact that the protocol and cryptographic rules used by Bitcoin are still working well after so many years is a good sign and shows that the concept is well designed.

Is Bitcoin safe?

Bitcoin technology, including its protocol and cryptography, has a strong security record, and the Bitcoin network is perhaps the largest distributed computing facility in the world.

What do I need before I can start mining Bitcoin?

In the early days of Bitcoin, anyone could use their computer’s CPU to find new blocks.

How can mining help secure Bitcoin?

Mining creates a competitive mechanism equivalent to a lottery, making it extremely difficult for anyone to continuously add new blocks of transactions to the blockchain.

Is Bitcoin Mining a Waste of Energy?

It is not a waste to consume energy to secure and run a payment system. Like any other payment service, using Bitcoin incurs processing costs.

What is the principle of Bitcoin mining?

Anyone can become a Bitcoin miner by running software on specialized hardware. The mining software listens to transaction broadcasts over the P2P network and performs the appropriate tasks to process and confirm these transactions.

What is Bitcoin Mining?

Mining is the process of expending computing resources to process transactions, ensure network security, and keep everyone in the network in sync.