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transferred over the Internet.
They get sent to a bitcoin address and stored in a digital wallet
that you can access with a
- password. Creating and using a new wallet and address is free and as
- easy as email. <a href="https://blockchain.info/wallet/new" target="_blank">Try it here</a>.
+ password. Creating a wallet is free and
+ easy. <a href="https://blockchain.info/wallet/new" target="_blank">Try it here</a> at our favourite e-Wallet provider.
</p>
<p>
Transactions between bitcoin addresses are
recorded in a public file and <a href="http://blockchain.info/unconfirmed-transactions">published on
- the Internet</a>. This file is called the block chain and it keeps track of what amounts are
- stored at what addresses.
+ the Internet</a>. The file keeps track of the balance of every
+ address. New addresses start with a zero balance.
</p>
- About every 10 minutes, 50 new bitcoins are
- generated and distributed proportionally to people that
+ <p>
+ Roughly 150 new bitcoins are
+ generated every hour and distributed proportionally to the addresses of people that
contribute computing power to the network. The
- <a href="http://bitcoin.org">software to participate</a> is free and open source so anyone can run it on their computer.
+ <a href="http://bitcoin.org">software to participate</a> is free and open source so anyone can run it on their computer to earn bitcoins.
</p>
<p>
@@ -47,8 +48,13 @@
</p>
<p>
- You can use bitcoins to securely store
- and backup your savings and gain access to them
+ You can use bitcoins to send free,
+ immediate payments to your friends and family
+ from your phone or laptop so you can pay a co-worker
+ back for coffee, transfer wages to family overseas,
+ or donate to organizations like WikiLeaks who have
+ been cut off by the major payment companies. Or, use them to
+ backup your savings and gain access to them
from anywhere that has Internet access. They tend to
appreciate in value over time because of their
limited supply so they make a good investment.
@@ -56,19 +62,9 @@
government or issuing authority can print more of
them.
</p>
-
- <p>
- Bitcoins enable you to send free,
- immediate payments to your friends and family
- from your phone or laptop so you can pay a co-worker
- back for coffee, transfer wages to family overseas,
- or donate to organizations like WikiLeaks who have
- been cut off by the major payment companies.
- </p>
</div>
</div>
-
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<h1>Where can I get some?</h1>