04 Jun '13, 1am

Links: #KWLUG

OK, this is a question that often causes confusion. Here's a quick explanation! The basics for a new user As a new user, you only need to choose a wallet that you will install on your computer or on your mobile phone. Once you have your wallet installed, it will generate your first Bitcoin address and you can create more whenever you need one. You can disclose one of your Bitcoin addresses to your friends so that they can pay you or vice versa, you can pay your friends if they give you their addresses. In fact, this is pretty similar to how email works. So all that is left to do at this point is to get some bitcoins and to keep them safe . In order to start using Bitcoin, you are not required to understand the technical details. However, if you want to know more, keep reading! Balances - block chain The block chain is a shared public transaction log on which the entire Bit...

Full article: http://bitcoin.org/en/how-it-works

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