Bitcoin tutorial how to get a wallet and your first bit coins
There is a growing number of services and merchants accepting Bitcoin all over the world. You can bring a Bitcoin wallet in your everyday life with your mobile or you can have a wallet only for online payments on your computer. Here's a quick explanation! Before you start using Bitcoin, there are a few things that you need to know in order to use it securely and avoid common pitfalls.
The integrity and the chronological order of the block chain are enforced with cryptography. Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. You can disclose your addresses to your friends so that they can pay you or vice versa. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet. Here's a quick explanation!
This is only a very short and concise summary of the system. You can process payments and invoices by yourself or you can use merchant services and deposit money in your local currency or bitcoins. This way, Bitcoin wallets can calculate their spendable balance and new transactions can be verified to be spending bitcoins that are actually owned by the spender. Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain.