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A fiat currency is a type of money that is issued by a government and is solely backed by the government's authority. Unlike commodity money such as gold or silver, fiat currency does not have a guaranteed exchange rate with any other asset. The value of fiat currency is determined by supply and demand, which can be influenced by the stability of the issuing government. Most commonly used currencies, such as the British pound and the US Dollar, are examples of fiat currency.

Here is a video explaining the differences between Bitcoin and Ethereum

What are Public and Private keys? If you're new to investing in Bitcoin, it's important to understand the concept of private keys. A private key is a crucial piece of information that proves ownership of the funds tied to a particular Bitcoin address. Without the private key, you cannot access your funds or spend your Bitcoin.

How to Send and Receive Bitcoin The Bitcoin network can be compared to the internet in terms of its complexity, as it comprises several layers of technology. However, like the internet, a new user does not necessarily need to have technical understanding of these layers to use the network effectively. To send and receive bitcoin, users rely on wallet software and block explorers, which simplify the process and ensure reliability. Similar to how we use a physical wallet to house our debit and credit cards – a digital wallet is used to house the user’s bitcoin which is protected by encrypted code.

How to Buy Bitcoin Buying Bitcoin is usually very simple. There are multiple types of venues for buying Bitcoin, each focused on different types of customer.

How does a Bitcoin Transaction work? The beauty of Bitcoin transactions lies in the fact that they can be conducted without intermediaries, there is no need to ask for permission, and the transactions are faster than traditional bank transfers. In this video, we will take a deep dive into how Bitcoin transactions work.

What is Bitcoin? Bitcoin is a digital currency that operates in a decentralised manner. It is not controlled by any central authority and is regulated by a set of rules. This decentralisation means that Bitcoin is not owned or controlled by any one party, allowing for open participation in the network.