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Education

Five-Minute Bitcoin Primer: What is Bitcoin and How Does it Work?

Five_Minute_Bitcoin_Primer_What_is_Bitcoin_and_How_Does_it_Work

 

This slide deck presentation uses images to provide education on bitcoin and blockchain fundamentals in an easy-going, conversational manner. 

Key topics discussed in the presentation include:

  • Benefits and practical uses of bitcoins in everyday life.

  • Difference between bitcoin, the digital currency (little "b"), and the Bitcoin network (big "B").

  • introduction to blockchain technology and it's integral role in the Bitcoin system. 

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Bitcoin trading involves a high degree of risk. The bitcoin market is new and unproven and may not grow. Currently, there is relatively small use of bitcoin in the retail and commercial marketplace in comparison to relatively large use by speculators, thus contributing to price volatility that could adversely affect an investment in bitcoin. In order to participate in the trading of bitcoin, you should be capable of evaluating the merits and risks of the investment and be able to bear the economic risk of losing your entire investment. No material at this site should be considered as an offer by itBit to sell or solicitation by itBit of any offer to buy bitcoin.