Wiki Bitcoin - Your Bitcoin knowledge sources

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As a new user, you can get started with Bitcoin without understanding the technical details. Once you have installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one.

You can disclose your addresses to your friends so that they can pay you or vice versa. In fact, this is pretty similar to how email works, except that Bitcoin addresses should only be used once. The block chain is a shared public ledger on which the entire Bitcoin network relies.

All confirmed transactions are included in the block chain. 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. The integrity and the chronological order of the block chain are enforced with cryptography. A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. 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.

The signature also prevents the transaction from being altered by anybody once it has been issued. All transactions are broadcast between users and usually begin to be confirmed by the network in the following 10 minutes, through a process called mining. Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. It enforces a chronological order in the block chain, protects the neutrality of the network, and allows different computers to agree on the state of the system.

To be confirmed, transactions must be packed in a block that fits very strict cryptographic rules that will be verified by the network. These rules prevent previous blocks from being modified because doing so would invalidate all following blocks.

Mining also creates the equivalent of a competitive lottery that prevents any individual from easily adding new blocks consecutively in the block chain. This way, no individuals can control what is included in the block chain or replace parts of the block chain to roll back their own spends. This is only a very short and concise summary of the system. If you want to get into the details, you can read the original paper that describes the system's design, read the developer documentationand explore the Bitcoin wiki.

How does Bitcoin work? This is a question that often causes confusion. Here's a quick explanation! The basics for a new user As a new user, you can get started with Bitcoin without understanding the technical details.

Balances - block chain The block chain is a shared public ledger on which the entire Bitcoin network relies. Transactions - private keys A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Processing - mining Mining is a distributed consensus system that is used to confirm waiting transactions by including them in the block chain. Going down the rabbit hole This is only a very short and concise summary of the system.

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Wiki comes from a Hawaiian word that stands for "fast" or "quick". Wiki Bitcoin gives you a quick overview of the most important Bitcoin related knowledge sources. Some of these sources are Wikis like Wikipedia.

Hence the name of this site Wiki Bitcoin. The dedicated Bitcoin Wiki is probably the most comprehensive resource about Bitcoin.

It covers many aspects. There are introductory articles as well as in-depth technological entries. Moreover, many interesting economic aspects of Bitcoin are covered. Even experienced Bitcoin Wiki useres sometimes stumble on articles they find interesting but haven't seen before.

Here is a list of a few selected articles that are good entry points for the various Bitcoin aspects. The Bitcoin Wiki can be edited by any user. The only requirement is to pay a small Bitcoin fee to prevent spamming of the Wiki. While StackExchange and reddit are not a Wikis, they have some characteristics of a Wiki. StackExchange is a network of question and answer sites.

The knowledge provided there is therefore related to specific questions. Therefore it makes a great Bitcoin Wiki complement. Once you started to get involved here, you will become a Bitcoin pro pretty soon. The number of posts here is huge and hard to follow on a daily basis. But it's definitely a good resource when you search it for particular topics of your interest.

Besides the Bitcoin Wiki entries, there is a number of blogs that are relevant. Wiki Bitcoin shows you, which are the most popular Bitcoin blogs to stay up to date. All of these blogs offer RSS feeds which makes it easy to follow them and never miss a good read. The blogs are listed in alphabetical order.

Wiki Bitcoin doesn't claim to say which blog is better or more relevant. If a blog is listed here it means the blog does have a certain level of quality. This list provides links to Bitcoin charts on various sites. Most of them are price related and provide good Bitcoin trading support.

The following links don't perfectly fit into other categories of this site. They are however interesting sources for analysis and information. Wiki Bitcoin - Your Bitcoin knowledge sources Wiki comes from a Hawaiian word that stands for "fast" or "quick".

Bitcoin Wiki entries Wikipedia Bitcoin:: This is the main Wikipedia entry. It gives a good introduction into what Bitcoin is. This is your go to place for a first overview on Bitcoin. Since knowledge accumulation about Bitcoin has grown, so has Wikipedia. Therefore two other directly Bitcoin related entries exist. From a technological point of view Bitcoin is a protocol.

That's exactly what this article covers. It's an overview about the technological building blocks of Bitcoin. Bitcoin exists since January Since then some notable things happened around this digital currency. This Wikipedia entry records the most important historical Bitcoin events. Your entry point to the Bitcoin Wiki. Answers to the most frequently asked questions. A lot of software is developed on top of Bitcoin. This is a good overview of what already exists. Today Bitcoin mining is mostly done by professionals.

Hardware requirements to do Bitcoin mining have become too demaning. However, if you want to know what mining is and how to get started, this is the place to go. The easiest way to get answers to your questions are Bitcoin forums. Here is a list of them. The most frequented Bitcoin forum is probably bitcointalk. A comprehensive list of Bitcoin exchanges.

Currently, new Bitcoin merchant directories come up almost on a daily basis. While there are some useful directories, the Trade section of the Bitcoin Wiki is probably still the best. Another reason to come back to the Wiki every once in a while. This is the best way to find places where you can spend your Bitcoins. How to accept Bitcoin, for small businesses:: If you have a small business and consider the integration of Bitcoin is a means of payment this is your article.

It's just great how simple it is. Once you have set up everything to accept Bitcoins, you need to get noticed. Promotional graphics help your customers to notice your Bitcoin integration - online and offline. Again, everything is free.

The Bitcoin Wiki has all the info and resources you need. From an economic point of view the limited Bitcoin supply is one of the most interesting aspects. This entry explains the supply of Bitcoins over time.

An in-depth article that is based on the knowledge about limitied Bitcoin supply is Bitcoin money supply and money creation. This Bitcoin Wiki entry introduces some of the most exciting future Bitcoin use cases.

Besides being a payment network, Bitcoin offers many new opportunities. If you are interested in building new services based on the Bitcoin protocol, start with this entry. It gives you some creative ideas that you can take from here.

Bitcoin blogs Besides the Bitcoin Wiki entries, there is a number of blogs that are relevant. Covers finance and banking related topics of Bitcoin. The blog is published by Bitcoin peer-to-peer lending platform Bitbond. Articles are published on a weekly basis. The site also runs a great bitcoin affiliate program. A well written blog with up to date news about Bitcoin. Publishes articles almost daily. One of my favorite daily Bitcoin blogs.

A good mix of relevant Bitcoin news and trivia. The Bitcoin Foundation is a lobby for Bitcoin users and businesses. Their blog covers topics of larger meaning to Bitcoin itself. Also, they have a quarterly grant which they always announce on this blog. And that's what it is - a well written blog from the perspective of a user.

The Magazine was probably one of the first Bitcoin publications. They even have a printed paper issues that you can buy on Amazon.

The blog publishes articles daily. The head-writer Vitalik Buterin has tremendous in-depth knowledge about a wide range of Bitcoin related topics. It is not just a good resource for Bitcoin news but also for in-depth articles on every aspect of Bitcoin. Network status and alerts:: This one is not exactly a blog. But it's probably the best way to learn about Bitcoin related network issues as fast as possible. The RSS feed would let you know if there is a network problem. This is crucial if you rely on Bitcoin as a technology on a daily basis.

A blog which is more about the political side of Bitcoin. A German blog that covers mainly economics related Bitcoin topics. Some of the articles are translations of the author's articles from English to German. Articles and analyses about a wide range of mostly technological Bitcoin topics. This is the blog of Bitcoin Exchange Berlin - a monthly physical exchange where people buy and sell Bitcoins.