Welcome to the world of bitcoin.
You will find all the necessary information about digital currency in the About bitcoin and FAQ sections of our website. There, you can learn what bitcoin is, where you can buy and how you can spend your bitcoins, and what the advantages of digital currency are. If you are interested in technical details, a good analysis of the mechanics behind bitcoin and the blockchain technology on Wikipedia.
This is all well and good, but where do I go next?
We recommend that you have a look at how essential bitcoin services work. You can see how users send and receive bitcoins in real time on Blockchain.info. Those who want to know more about the system would benefit from the information on the Bitcoin Foundation website. You can also download the core source code of bitcoin so that your PC can join this global system.
For those who are new to the world of bitcoin, we suggest a visit to the websites of major businesses that deal with transactions in digital currencies. BTC-e and Bitstamp exchanges allow users to see how dollars can be transformed into bitcoins. The websites of payment processors (such as BitPay) demonstrate the advantages of bitcoin for small businesses and large enterprises.
Let us guide you in this brave new world.
Coinfox will keep you updated about the latest news and trends of the bitcoin economy. We offer a balanced view of the world of bitcoin in three languages. We post announcements about upcoming events and share fascinating video clips. Of course, there are other web resources about bitcoin, of which Coindesk and Cointelegraph are the most popular ones. Coindesk resembles business media, such as The Financial Times and The Wall Street Journal, in its editorial style, while Cointelegraph is closer to ‘new media’ like Vox and Huffington Post. We try to combine the two approaches on our website by including everything that is important and engaging in the bitcoin world.
Bitcoin has its own language and its own terminology. We have compiled a short glossary for you:
A *wallet* is a way to store private keys linked to your bitcoin addresses. Wallets can take very different forms, from an application installed on your PC to a simple piece of paper on which the keys are written. Learn more about different types of wallets.
A *bitcoin address* is the address from which you send and receive bitcoins. It is very similar to an email address. It can be displayed as combination of letters and numbers or as a QR code. It functions as a public key.
A *public key* is your bitcoin address that you give to other users to transfer and receive money. Together with the private key, it makes bitcoin transactions possible.
A *private key* is a secret combination of letters and numbers which is necessary to make a transaction, just like you signature. Private keys must be stored in a secure place. You can choose a wallet to store them in accordance with your preferences.
A *QR code* is a two-dimensional barcode containing a data string. It is often used to display the bitcoin address. You will need a special device, e.g. the camera on your smartphone, to scan a QR code.
The growth of the bitcoin economy is beginning to worry the governments of authoritarian or economically underdeveloped states. Websites run the risk of being blocked in particular regions or entire countries. To bypass this obstacle, we recommend the use of approved methods such as anonymizers and VPNs (virtual private networks). These programmes are available for anyone to download for free from the web and install on their PCs. We encourage you to observe the law and at the same time not to limit your right to information about bitcoin. Follow us into the new world of digital currency.