What is Bitcoin?

Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a global community of users.

How Bitcoin Works

Bitcoin transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin is decentralized, meaning that it is not controlled by any single entity. Instead, the network is maintained by a global community of users.

What is Ethereum?

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ethereum was founded by Vitalik Buterin in 2014.

What are Cryptocurrencies?

Cryptocurrencies are digital or virtual tokens that use cryptography to secure their transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control.

Bitcoin is the first and most well-known cryptocurrency.

What is a Bitcoin Exchange?

A bitcoin exchange is a digital marketplace where traders can buy and sell bitcoins using different currencies. Bitcoin exchanges are used to trade bitcoin and to exchange bitcoin for other cryptocurrencies.

The most popular bitcoin exchanges are Coinbase, Bitstamp, and Kraken.

What is Bitcoin Mining?

Bitcoin mining is the process by which new bitcoins are created. Miners are rewarded with bitcoins for verifying and committing transactions to the blockchain.

Bitcoin mining is done with specialized hardware and software.

What are Bitcoin Assets?

Bitcoin assets are digital or virtual tokens that use the Bitcoin blockchain to secure their transactions and to control the creation of new units. Bitcoin assets are decentralized, meaning they are not subject to government or financial institution control.

Bitcoin assets are used to trade bitcoin and to exchange bitcoin for other cryptocurrencies.

What are Joint Ventures?

A joint venture is a business partnership in which two or more parties agree to pool their resources together to create a new business. Joint ventures are often used to create new businesses in which the parties have complementary skills or resources.

What is a Real Estate Professional?

A real estate professional is an individual who is licensed to buy, sell, or lease real estate in their state. Real estate professionals often work for real estate firms or are self-employed.

What is Commercial Real Estate?

Commercial real estate is property that is used for business purposes, such as stores, offices, or factories. Commercial real estate is often more expensive and complex than residential real estate.