Cryptocurrency: A digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds through public ledgers that operate independently of a governing central bank.
Bitcoin(BSV): A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.
Bitcoin is not a stock or bond, nor is it digital gold. It is a payment system for transparently keeping track of who spends how much of what. All Bitcoin transactions are a payment of some kind. The Blockchain is the transaction database that timestamps transactions by hashing them into an ongoing chain of mathematical proof-of-work, forming a record that cannot be changed without redoing and validating the proof-of-work, thus creating financial transparency.
How can I use Bitcoin?
When Bitcoin first became mainstream, it was complex and few had the technical know-how to understand how to use it. Recent software developments such as Wallets and Paymail have made utilizing blockchain data easier than ever before. A Wallet is just like what it sounds like it should be, it’s where you store and transact your Bitcoin from. A Paymail is like an Email that is linked directly to your wallet, users pay to send data to each other to be encrypted and decrypted.
- Sign up and download a BSV compatible Wallet like MoneyButton or RelayX.
- Sign up for Baemail with your email@example.com or firstname.lastname@example.org as a Paymail.
- Sign up for Twetch and start profiting directly from content you post on-chain.
How can I purchase Bitcoin(BSV)?
If you would like to purchase large amounts of BSV I recommend using BuyBSV.com
For smaller amounts and purchases, here is a great video tutorial that will show you how to Buy BSV for a RelayX wallet via Venmo.