Monero ELI5 (Explain like I'm five) - a super simple explanation of how Monero works. Monero is digital cash. It’s like Bitcoin, but your activity is kept confidential. Everyone stores their funds using a software application called a Monero wallet. Each wallet has its own receiving address. You tell other people this address so that they can send you funds. When someone sends you funds, you ... At the time of writing, Bitcoin is recouping some losses as it heads to five digits again. BTC is now at $9,980 but is still down by 6% in the past 24 hours. The fact that the market lost $40 billion this week due to corrections like these is also a frightening one. Digital money that’s instant, private, and free from bank fees. Download our official wallet app and start using Bitcoin today. Read news, start mining, and buy BTC or BCH. I have a friend that is into bitcoins and he constantly talks about things like Bitstamp, Coinbase and Bitcoin Hash, so I am a little used to these terms but always wondered what they meant. He tried explaining all these to me but he is quite advanced at this, while I’m just starting. I started reading your bitcoin “how to” guides and I feel I am finally getting somewhere. Thank you! Today, I’m going to teach you how to use Binance.Buying and selling cryptocurrency can be stressful, so it’s important to choose an exchange that you can trust.It’s also important to find an exchange that meets your needs, and isn’t too complicated to use.There’s nothing worse than opening an account on an exchange and then realizing you don’t know how it works! Just Explain It Fast — Like I’m a Five Year Old Bitcoin is a payment system, which is so revolutionary it gives Bitcoin its value. Imagine an Excel spreadsheet with a list of account balances. This account owns this much, that account owns that much, etc. To send money, the balances just get subtracted fromRead More Monero is a secure, untraceable and resilient digital currency. We believe it is the successor to Bitcoin. Read why. Home; News; Chart; Stock Images; Infographic; Why Monero; Tutorials; Monero Mining Calculators. Network stats. Solo mining calculator. Pooled mining calculator (rented equipment) Pooled mining calculator (owned equipment) Not sure what hashrate you can expect? See the Monero ... Binance is undoubtedly the king of the cryptocurrency exchange sector. A quick signup process, large selection of cryptocurrencies and good liquidity across a range of trading pairs have made Binance an extremely popular option among cryptocurrency traders. Here, we should also mention Binance’s Launchpad platform, which allows Binance users to participate in initial exchange offerings (IEOs). Then tell the sender your address and they will be able to send Monero to you. How to ask somone to send you Monero, specifying a payment ID If multiple people are sending you Monero, it will be confusing to figure out who sent what. Then check out the Top Five Videos that Explain Bitcoin (Fast), or for even more details, the Best Technical Videos On How Bitcoin Works. The way Bitcoin works is what differentiates it from all other payment systems and currencies. Bitcoin is software that tracks and verifies transactions on a public ledger over a peer-to-peer network ...
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