Tag Archives: altcoin basics

How to Send BitSeeds, Bitcoin, or Any Cryptocurrency

 

This video lesson shows you the steps to send BitSeeds, or a similar digital currency such as Bitcoin, to someone else.  You’ll need to know the recipient’s payment address and it helps for you to type in a label so you can look back later and know who you sent the money to or what the payment was for.

Watch the steps and keep in mind they’re pretty similar with any cryptocurrency.

 

What is Bitcoin & Altcoin Mining Explained in Non-Technical Terms

 In this lesson I want to explain the poorly understood concept of mining. This explanation is for non-technical people:

 This video continues my series of videos on Bitcoin and Cryptocurrency Basics Explained for Non-Technical People – make sure to watch the other videos if you missed them!

With traditional currencies and payment systems there is a network needed for the system to work.  Decades ago this was a physical network of human tellers handling cash and checks sent through the postal system or carried from one location to another.  Over time, this gradually migrated to a digital computer network used today by banks and payment companies such as Visa, Mastercard, Paypal, and Western Union. [Click for full post]