Welcome to Bitcoin School
You’ll be an expert in no time
What is Bitcoin?
Bitcoin is a decentralized payment network operating on the internet. It is unique because it allows for instant, secure, and international transactions without the need for a trusted third party like PayPal or a Visa, who are known for slow transactions with large fees, especially when used internationally. Watch the video below to understand how it works!
Since there is no central authority, there is no corruption. You are your own bank, and you control your own money. All oversight is built into the software, fully transparent, and fully distributed.
Instead of large percentage based fees paid to billionaires, a small portion of transactions (a few cents) is taken from each transaction to reward the owners of the computers which process them.
Instant transactions 24/7
Like any network, Bitcoin never sleeps. Transactions are processed in minutes at any time. Say goodbye to 3-5 business days.
With our current online payment system, your bank knows everything about how and when you spend your money. With Bitcoin, only you have this information.
Open source software is fully transparent to everyone. You can download Bitcoin Core and look under the hood whenever you’d like. This way, we can all be sure there is nothing fishy going on.
Open to Anyone
Regardless of age, color, location, or gender, anyone can use Bitcoin. 40% of the worlds population do not have bank accounts, many of which live under oppressive governments with disastrous economies. Bitcoin will change that.
What if every county had their own internet? If you wanted to listen to a song that wasn’t on your internet you would have to pay someone to get it for you in 2 weeks. This is how international payments work today. Bitcoin has no regard for national borders and can be transferred and used anywhere in the world instantly.
Bitcoin has no central point of failure. If one computer goes down, hundreds of thousands continue running. An attacker would have to hack every single one at exactly the same time in order to break or stop the system, which is impossible.