A hardware wallet is a specially designed device to lock away access to your cryptocurrency. The device is extra secure because it is disconnected from the Internet and other computers and is virtually virus-proof.
Who is Satoshi?
Satoshi Nakamoto is the founder and creator of bitcoin, the most popular cryptocurrency. The smallest amount of bitcoin (0.00000001) was also named after him, it is called a Satoshi.
What is a Paper Wallet?
A paper wallet is simply a piece of paper containing the information needed to access and spend your cryptocurrency.
What is a Wallet?
Wallet is defined as software that interacts with the blockchain and lets users receive and send their digital money.
What is a Private Key?
A Private key is defined as a string of letters and numbers known only by the owner that allows them to spend their cryptocurrency. NEVER SHARE your private key unless you want someone else to be able to take all of your money!
What is Mining?
Minting is defined as the computer process of validating information, creating a new block and recording that information into the blockchain.
What is a Blockchain?
Blockchain is defined as a digital recording, used to prove that a group of people came to an agreement about something. Blockchain records are permanent and very secure, preventing manipulation. The first example of blockchain technology are the initial records of Bitcoin transactions.
What is Cryptocurrency?
Cryptocurrency is an electronic money that uses technology to control how and when it is created and lets users directly exchange it between themselves, similar to cash.