Faq

Faq about Cryptocurrencies


How do you get Bitcoin?

1. mining your own was the first way
2. work hard for them

3. trade something for them

4. casino

5. make an offer for them

6. use many faucets

7. boost your trading skills on the market!



Who has the most bitcoins?-

uncle sam

Tony Gallapi

Satosh Nakamato

Tim Draper

Charlie Shrem



How long does it take to mine bitcoins?- to mine a measly thirteen bitcoins back when it was new it could take up to 20 minutes depending on the hash power now for the same amount of bitcoins you can do it in half the time with the newer more modern mining computers


How does Blockchain work?- the blockchain is a system designed to use nodes agreement to make transaction orders and prevent fraud as described above. the bitcoin network orders transaction's by putting them together in groups called blocks.

How long does it take for Blockchain to confirm?- On average it takes about 10 minutes to find each block. The average block takes can be longer and it can also be shorter depending on if the total hash power of the network is growing or shrinking.

How does Bitcoin use Blockchain?- a transaction is a transfer of value between bitcoin wallets that gets included in the blockchain. Bitcoin wallets keep a secret piece of data called a private key or it is also known as a seed which is more or less used to provide a crypto signature on transactions, providing proof they came from the owner of the wallet.

How do I buy Bitcoins on Blockchain?- Create a wallet (blockchain wallet). all you need is an email address to get started! Set up an exchange account, once that is completed navigate to buy the bitcoin tab and set up an account with an exchange partner.


Is it legal to buy bitcoins- Bitcoin is of interest to law enforcement agencies and is under the microscope so to speak including that of, tax authorities, and major legal regulators, all of which are trying to understand how the cryptocurrency fits into existing frameworks. The legality of your coin activities will depend on who you are, where you live, and what you are doing with it.








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