Frequently asked questions about Bitcoin
What is Bitcoin?
Bitcoin is the most famous cryptocurrency on the internet. Because it has the characteristics of a currency (medium of exchange, reserve value and unit of account), it can be used as a financial asset, Just like the Brazilian Real, the Dollar or Euro, with the difference being purely digital and not being issued by any government.
Besides being considered the first decentralized digital currency, another innovation that accompanies the asset is the recording of the history of transactions, since the purchase, sale or transfer of Bitcoin is stored in a chain of digital blocks (Blockchain), which makes it impossible for any financial or governmental authority to manipulate the issue and value of Bitcoin.
The development of this curious financial asset is attributed to a person - or a group - who used the pseudonym of Satoshi Nakamoto.
What is Bitcoin for?
This digital money system serves to remove intermediaries that are traditionally inserted in money transfers, such as central banks, commercial banks and credit card operators. These third parties incur significant costs in making transfers.
In addition, the large-scale use of Bitcoin would have the effect of stimulating global trade in goods and services, since the transfer of Bitcoin can be made to any part of the world, with an average time of 10 minutes.
Bitcoin is constantly classified as a value reserve. That is, digital gold. This asset is impossible to defraud and is resistant to any inflationary rule or censorship by governments or banks.
How long does it take to learn Bitcoin?
If you want to learn the basics or want to invest in the market, a few hours of study to learn about the technology may be enough.
However, the technology is quite innovative and brings several possibilities. Those who wish to go deeper into the subject can spend a few months studying.
Where should I start to learn Bitcoin?
At first glance, it may seem complicated, so the best thing to do is to start studying the subject through the basic concepts. There are many videos and materials on the internet that help beginners.
However, although there are websites, blogs, profiles on social networks and YouTube channels that talk about Bitcoin, because of the learning material and organization, online courses are better. Therefore, online classes may be the best option to learn about Bitcoin.