Investors' hopes that the price of Bitcoin could return to an all-time high in 2024 have thrust the sticky subject of cryptocurrencies back into the spotlight.
But worry not. If you're hearing these for the first time, or just need a refresher, here are a few key words and what they mean.While many may struggle with the finer points of crypto, pretty much everyone has heard of its most famous product: Bitcoin. But what actually is it? In February 2024, its price has been rising rapidly - great news for those who have Bitcoin. But it is not so longBlockchain
Every cryptocurrency transaction is individually recorded onto the blockchain by a huge network of volunteers verifying its authenticity by using computer programmes. The incentive to do this for Bitcoin's network is that the first person to validate transactions is rewarded in Bitcoin. This potentially lucrative process, known as mining, is also controversial because of theThis also brings us on to. The amount of Bitcoins that can be mined is capped at 21 million.