The Dark Web And Bitcoin

It is very interesting how bitcoin helped with the explosion of the dark Web because people finally had a way to pay for things online anonymously, they didn't have to use their Paypal credit card which leads to them directly so Bitcoin is really what enabled the use of the dark Web to become so popular so if don't know what Bitcoin is already, Bitcoin is a decentralized crypto currency which means it's not physical money is used on the Internet.

It's used in almost all dark Web transactions and more anonymous than any other form of payment however if someone says Bitcoin is completely anonymous they will be wrong in that sentence that it's completely anonymous but compared to using your credit card or PayPal into far better. Bitcoin does have a highly volatile pricing range though so it is hard to kind of invest in Bitcoin or use it for a while because the prices can go up and down by hundreds of dollars in the same week so before you go online and use Bitcoin it is important to know some popular terms and phrases surrounding the crypto currency.

To start you need to learn what a wallet is! A wallet is just a method of storing bitcoins for later use obviously like a regular wallet you put your money in same thing but it's a digital wallet it's not a physical wallet an address is he used to send and receive bitcoin this key is alphanumeric and contains characters or compare QR code and obviously this is like your IP address or home address it's the same idea it's an address given directly for a wallet and anyone can send a receive money from that address and then you have a Bitcoin.

And then you have a bitcoin ATM which these are locations that allow you to buy Bitcoin with cash which is important for some people to remain Anonymous and then you have a blockchain which is a full list of blocks that have been mined since the beginning of the crypto currency and blockchain also provides a transaction database so if Mike gives 2 bitcoins to Joe that would be on the blockchain and in ledger so it would be understandable.

And then you have BTC which stands for Bitcoin and mining would just be active generating new Bitcoin by solving cryptographic problems by using computer hardware.
You have a basic understanding what Bitcoin is, however Bitcoin pretty confusing when you get down to it because it's a very complex and system using the Internet.