Bitcoin & blockchain: start with the basics
A practical introduction to the network, the ledger and what a Bitcoin transaction actually does.
THE CRYPTO & FOREX JOURNAL
Less noise. More understanding. Clear guides to crypto and forex, for curious minds who want to make sense of it all.
A question, an idea, a little feedback.
We’re here to listen.
Illustrative market imageryA LITTLE KNOWLEDGE GOES A LONG WAY
Start with the fundamentals.
Keep your curiosity.
A practical introduction to the network, the ledger and what a Bitcoin transaction actually does.
How a programmable blockchain differs from a payment network, and where Ether fits in.
The difference between holding an asset and controlling the keys that can move it.
Price targets, backing assets and why a peg should never be mistaken for a guarantee.
Base currency, quote currency and a simple way to understand EUR/USD without the jargon.
Small units, two-sided prices and the costs a simple chart does not always show.
Why central bank decisions matter, and why an announcement does not dictate the next move.
The difference between a deposit and a position, with a clear example of amplified losses.
THE FOUNDATION
You don’t need to know every term.
Just start with one.
A shared record of transactions, organised into linked blocks and checked against a network’s rules.
A comparison of one currency with another. EUR/USD expresses the value of a euro in US dollars.
The difference between a quoted buying price and selling price. It is one part of the cost of a transaction.
A description of how much a price moves over time. Larger or more frequent swings imply greater uncertainty.