{"id":37658,"date":"2024-10-26T14:15:01","date_gmt":"2024-10-26T14:15:01","guid":{"rendered":"https:\/\/gknews.net\/a\/?page_id=37658"},"modified":"2024-10-30T10:41:14","modified_gmt":"2024-10-30T10:41:14","slug":"bitcoin-beginners","status":"publish","type":"page","link":"https:\/\/gknews.net\/a\/bitcoin-beginners\/","title":{"rendered":"Bitcoin beginners"},"content":{"rendered":"<p>Welcome to the Gknews.net<\/p>\n<p><a class=\"mb-button mb-style-bordered mb-size-small mb-corners-pill mb-text-style-default \" style=\"background-color: #2b75c4;\" href=\"https:\/\/gknews.net\/\">Gknews.net<\/a><\/p>\n<h1><strong>Bitcoin beginners<\/strong><\/h1>\n<p><span style=\"font-size: inherit;\">Bitcoin is a secure and anonymous digital currency. It introduced the concept of the<\/span><\/p>\n<p>Blockchain, which is like a public checkbook that includes a permanent record of<br \/>\neveryone&#8217;s transactions. If it isn&#8217;t included &#8220;on-chain&#8221;, then it never happened.<br \/>\nBitcoin is also peer-to-peer (like BitTorrent), so anyone can use the network and you<br \/>\ndon&#8217;t need a central server or authority to run it. It runs itself.<br \/>\n<center><\/p>\n<div><iframe data-aa='2361152' src='\/\/ad.a-ads.com\/2361152?size=320x100' style='width:320px; height:100px; border:0px; padding:0; overflow:hidden; background-color: transparent;'><\/iframe><\/div>\n<p><\/center><\/p>\n<p>Bitcoin is stored in wallets, and is sent to &#8220;addresses&#8221;. Bitcoin uses Public Key<br \/>\nCryptography (just like the Web does) to secure itself. You send bitcoin to someone&#8217;s<br \/>\npublic key (which is usually just referred to as their address), and they spend it by<br \/>\nsigning a transaction with their private key. Not to fully explain Public Key<br \/>\nInfrastructure, but with a signed transaction and the public key, both of which are very<br \/>\npublic on Bitcoin, anyone can verify that the transaction is valid and was signed with<br \/>\nthe private key, which is never revealed. In order for a transaction to be included on<br \/>\nthe blockchain, it has to be valid which means: it was sent from an address with a<br \/>\nbalance, it is properly signed, and miners include it into a block. Miners decide to<br \/>\ninclude it in a block or not based on how big of a transaction fee you include in your<br \/>\ntransaction. If you include a fee much higher than what everyone else is paying, miners<br \/>\nhave an incentive to prioritize your transaction. If you include a low fee, miners might<br \/>\nprioritize higher fee transactions over yours.<\/p>\n<p>Bitcoin&#8217;s public ledger (public checkbook) is called the blockchain. It&#8217;s called the<br \/>\nblockchain because about every 10 minutes, a new &#8220;block&#8221; should be found by bitcoin<br \/>\nminers, and added to the end of the longest chain. The miners (which are usually<br \/>\nthousands of expensive machines located near cheap sources of power and internet) are<br \/>\nbasically simple computers that perform a certain type of operation billions or<br \/>\ntrillions of times per second called &#8220;hashing&#8221;. When you &#8220;hash&#8221; data, it comes out<br \/>\ncompletely changed, but in a repeatable way (if both you and your friend hash the same<br \/>\ndata, you should get the same output). This is mostly used in the computer world to make<br \/>\nsure files didn&#8217;t get corrupted when being transferred on the internet, since if you run<br \/>\nyour copy of a file through a hashing function and compare it to your friend&#8217;s, if it&#8217;s<br \/>\nthe same you know that the files are identical. Bitcoin miners take part of the previous<br \/>\nblock and try to find some data to add to it so the hash ends up looking special (like<br \/>\nthis: 00000000000000000011e4668bf5aa3f4VJCVCU0951222252a712a12673afdc, which is the<br \/>\n&#8220;winning hash&#8221; from the last block as of this writing). Everyone who participates in<br \/>\nBitcoin agrees, if you find a unique enough hash, you get to make a new block to add to<br \/>\nthe chain. Since the hash includes data from the last block, once you find a new block<br \/>\neveryone starts the whole process over again. When miners find a block, they get to<br \/>\nclaim a &#8220;block reward&#8221; (which is 6.25 BTC right now), plus they get to keep all of the<br \/>\n&#8220;transaction fees&#8221; of each transaction they include in a block. Once all of the Bitcoin<br \/>\nis mined, miners will have an incentive to keep mining solely on transaction fees alone,<br \/>\nbut that won&#8217;t happen for more than a hundred years.<\/p>\n<p><center><\/p>\n<div><iframe data-aa='2361152' src='\/\/ad.a-ads.com\/2361152?size=320x100' style='width:320px; height:100px; border:0px; padding:0; overflow:hidden; background-color: transparent;'><\/iframe><\/div>\n<p><\/center><br \/>\nThe most important part about Bitcoin, the thing that&#8217;s most revolutionary is that with<br \/>\nBitcoin, you don&#8217;t have to trust anyone to send money. If you want to send money by the<br \/>\nbanking system today, all you need is an account number and a routing number and you can<br \/>\nwire money in or out, but you need to trust the banks to do so. An account with a Bank<br \/>\nis also just an IOU from the bank for your money, whereas with Bitcoin you own your<br \/>\nmoney. You don&#8217;t need a bank to send it, and no one but you can spend it.<\/p>\n<hr \/>\n<h2>Earning Bitcoin online<\/h2>\n<p>There are numerous websites on the Internet where you can earn free Bitcoin by<br \/>\nperforming several tasks like watching ads, playing games, etc. However, you will only<br \/>\nreceive a very small portion of Bitcoin.The amount of Bitcoin you will receive is always<br \/>\nrandom and is different all the time. Here are some effective methods to earn free<br \/>\nBitcoin:<\/p>\n<h3>Bitcoin faucets<\/h3>\n<p>This method is a specific feature on websites that constantly provide Bitcoin to some<br \/>\nusers. For example, some websites dispatch a fraction of free Bitcoin every second as a<br \/>\nreward for promotion. However, this is an exceedingly small amount that is awarded to<br \/>\none user after few minutes. The idea is that the faucet holds visitors to a website for<br \/>\na long time, and the website owner can get better ad revenue, more engagement, and other<br \/>\nbenefits out of it.<\/p>\n<h3>By doing online tasks<\/h3>\n<p>Performing a specific task online is another way to get free Bitcoin without mining. To<br \/>\nget that, you need to complete specific tasks on websites. Some companies will pay you<br \/>\nin Bitcoin to perform a task like testing their website, take surveys, retweet their<br \/>\nposts, analyze or optimize their website, or complete other small tasks. Many other<br \/>\nwebsites offer small Bitcoin rewards to the person who provides the correct answer to<br \/>\none of their questions. You can find a specific job that pays you in Bitcoin on<br \/>\nBitcoinGet. You can also answer questions for Bitcoin on Bitfortip.<\/p>\n<h3>Referral program by Binance<\/h3>\n<p>Affiliate programs are widely available in the cryptocurrency industry. For example, you<br \/>\ncan refer a friend to a service. Then both of you get a discount, accumulate rewards<br \/>\npoints, or get a BTC and fiat currency bonus. For example, you can earn free Bitcoin by<br \/>\napplying for Binance Bitcoin referral program. You can refer your friends and earn 20%<br \/>\nwhen they make a transaction. Your friend also gets a discount of 20%.<\/p>\n<h3>By participating in Airdrops<\/h3>\n<p>Airdrop is a marketing method that involves sending coins or tokens to wallet addresses<br \/>\nto promote awareness of a new virtual currency. Participating in airdrops is the easiest<br \/>\nand fastest way to get free Bitcoin. By airdropping these free cryptocurrencies, you can<br \/>\nsell them when the token is listed. Projects like Stellar Lumens and Ontology were once<br \/>\nairdropped.<\/p>\n<h3>Using Bitcoin earning sites<\/h3>\n<ul>\n<li><a href=\"https:\/\/freebitcoin.io\/\">Freebitcoin.io<\/a>: This earning site is one<br \/>\nof the oldest and most favorite BTC faucets. You will get up to 200 dollars in<br \/>\nfree Bitcoin every hour by clicking on the roll button. You can earn a few<br \/>\nSatoshi (the smallest unit of the Bitcoin) with every roll, and you can roll<br \/>\nevery hour.<\/li>\n<li><a href=\"https:\/\/cointiply.com\/\">Coin Tiply<\/a>: Coin Tiply is a Bitcoin rewards<br \/>\nwebsite that offers tasks that anyone can do. For every completed task, you will<br \/>\naccumulate Bitcoin. This is a completely free website, and once you are<br \/>\nregistered, you can find a lot of quizzes, surveys, and other tasks tailored to<br \/>\nyour age and location.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Welcome to the Gknews.net Gknews.net Bitcoin beginners Bitcoin is a secure and anonymous digital currency. It introduced the concept of &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Bitcoin beginners\" class=\"read-more button\" href=\"https:\/\/gknews.net\/a\/bitcoin-beginners\/#more-37658\" aria-label=\"Read more about Bitcoin beginners\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"blank-slate-template.php","meta":{"footnotes":""},"class_list":["post-37658","page","type-page","status-publish"],"_hostinger_reach_plugin_has_subscription_block":false,"_hostinger_reach_plugin_is_elementor":false,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/pages\/37658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/comments?post=37658"}],"version-history":[{"count":8,"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/pages\/37658\/revisions"}],"predecessor-version":[{"id":37698,"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/pages\/37658\/revisions\/37698"}],"wp:attachment":[{"href":"https:\/\/gknews.net\/a\/wp-json\/wp\/v2\/media?parent=37658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}