1. What is Bitcoin?

Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralised peer-to-peer payment network that is powered by its users with no central authority or middlemen. From a user perspective, Bitcoin is pretty much like cash for the Internet.

2. Who controls the Bitcoin Network?

From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and allows a user to send and receive bitcoins with them. This is how Bitcoin works for most users.

Behind the scenes, the Bitcoin network is sharing a public ledger called the "block chain". This ledger contains every transaction ever processed, allowing a user's computer to verify the validity of each transaction. The authenticity of each transaction is protected by digital signatures corresponding to the sending addresses, allowing all users to have full control over sending bitcoins from their own Bitcoin addresses. In addition, anyone can process transactions using the computing power of specialized hardware and earn a reward in bitcoins for this service. This is often called "mining". 

To learn more about Bitcoin, you can visit the eBitcoinics Academy portal, take short courses or advanced courses, You can also have a look at the Original Bitcoin White Paper

3. How does one acquire Bitcoin?

1- As payment for goods or services.

2 - By purchasing bitcoins at our exchange

3 - Exchange bitcoins with Someone near you, Peer to Peer

4 - Earn bitcoins through competitive mining

4. What is a wallet Address?

Wallet address is what you use in receiving your cryptocurrencies, for eg, if its bitcoin, it is through the address you can receive your coins, watch this for full explanations

5. What is eBitcoinics?

eBitcoinics is a local fiat-cryptocurrency exchange that will enable you to Buy, Sell & Trade digital assets like Bitcoin, Ethereum, Litecoin, Dash etc in Ghana And Nigeria. It also allows you to shop at its store and pay with Bitcoin, Pay for necessary bills like water, electricity, book flight tickets, learn more about blockchain and master a skill in this space! eBitcoinics simplifies the blockchain revolution for all.

6. Can I learn more about Bitcoin & the Crypto evolution with you?

Education is simply our number one priority, our vision is to have Bitcoin & CryptoCurrencies reaching every household in Ghana, Nigeria & Beyond, with our elearning portal you are safe to get started with your e-Journey, we simplify Bitcoin & CryptoCurrencies for everyone by helping you learn more and understanding it better, and also assisting you to safely exchange.