BITCOIN EDUCATION
Want to get serious about understanding as well as safely and privately using Bitcoin? We can help. Learn more about Bitcoin than 99% of people with our expert backed articles that explain everything in a simple and straight forward manner.
Bitcoin Tools
Our Top Picks
Are you a Financial Planner wanting to better understand crypto?
A Beginners Guide To Bitcoin Security (2024)
How To Install Sparrow Wallet On Ubuntu And Verify It’s Secure (2024)
Is Bitcoin A Medium Of Exchange? And If So, Why Don’t People Buy Things With It? (2024)
Average Cost Calculator: Calculate Your Crypto, Stocks & Forex Holdings (2024)
How Many Bitcoins Are There & How The 21 Million Limit Is Enforced (2024)
Bitcoin Halving Dates: When Is The Next BTC Halving & What Is It? (2024)
Free Bitcoin Profit Calculator: Easily Find Out Your Profit (Or Loss) In 2024
Satoshi To USD Calculator & Converter (2024)
Bitcoin Calculator: Easily Convert Bitcoin (BTC) To US Dollar (USD) & More!
New to Athena Alpha? Start today!
Bitcoin FAQs
What Is Bitcoin (BTC)?
Bitcoin is online money that enables instant payments. Free for anyone, anywhere in the world to use at any time. It uses peer-to-peer technology (like torrents) and can be used without any permission from a government or central authority. It cannot be stopped or censored. Its rules cannot be changed, no matter how rich or powerful a country or person is.
What Is Blockchain?
A blockchain is a distributed database, also referred to as a distributed ledger, that’s shared between many nodes on a network. They are most commonly used in cryptocurrency networks, but they have been used for other things too. The data that’s stored in a blockchain is immutable, meaning that it can never be changed.
What Is A Bitcoin Wallet?
A Bitcoin wallet is simply software (sometimes paired with hardware) that:
– Manages your Private Keys which gives you access to spend your bitcoins
– Generates new Bitcoin Addresses so you can receive bitcoins
– Creates and broadcasts transactions to the network so you can spend your bitcoins
How Much Are Bitcoin Transaction Fees?
Bitcoin transaction costs only depend on how big in bytes your transaction is. The more inputs and outputs you have, the more expensive your bitcoin fee will be. A simple transaction usually costs around 200-2,000 sats or $0.06-$0.60 USD. You can also pay virtually zero transaction fees by using the Lightning Network.
Who Is Satoshi Nakamoto?
Satoshi Nakamoto is a pseudonym for the person or persons that invented Bitcoin and introduced it to the world back in 2008. They authored and released the first copy of the Bitcoin Whitepaper titled Bitcoin: A Peer-to-Peer Electronic Cash System.