How are new bitcoins created?

Bitcoins are created using a process called “mining” which involves a computer on the bitcoin network solving a complex mathematical problem which creates a new “block.”  The mathematical problem is something that is difficult to solve and demonstrates that work was done, which is called “proof of work.” The reward for solving a block is…

What are Bitcoins?

What are bitcoins? Bitcoins are the unit of currency of the Bitcoin system.  Bitcoin is like email for money.  Imagine you can send money over the internet directly to an email address to anyone, anywhere in the world nearly instantly. Bitcoin allows that.  Bitcoin is a new way for people to consensually trade value without trusted…