{"id":4192,"date":"2017-12-25T05:22:38","date_gmt":"2017-12-25T05:22:38","guid":{"rendered":"https:\/\/www.reveantivirus.com\/blog\/?p=4192"},"modified":"2019-08-19T12:12:02","modified_gmt":"2019-08-19T12:12:02","slug":"what-is-bitcoin","status":"publish","type":"post","link":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin","title":{"rendered":"What is Bitcoin? A Look at the Digital Currency"},"content":{"rendered":"<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-4195\" src=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/01\/pexels-photo-315788.jpg\" alt=\"what is bitcoin\" width=\"800\" height=\"300\" srcset=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/01\/pexels-photo-315788.jpg 800w, https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/01\/pexels-photo-315788-300x113.jpg 300w, https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/01\/pexels-photo-315788-768x288.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<p>Although, being everywhere for certain ages, Bitcoin suddenly came into the headlines. So, to help you out, in this article we will let you know what is bitcoin, how does it work and how to use it safely. Let\u2019s take a look-<\/p>\n<h2><strong>What is Bitcoin? <\/strong><\/h2>\n<p>Bitcoin is a new currency which was discovered in the year 2009. In bitcoins, transactions take place with no intermediates which simply means while making transactions, any role is not played by the banks. Bitcoins can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. As per the research, the price of bitcoin rise into the thousands in 2017.<\/p>\n<h2><strong>How does it Work?<\/strong><\/h2>\n<p>Bitcoin works well like other currency-people can buy goods and services and money can be bartered on the foreign exchange market too. Coins are reserved in the digital wallet (Software program where bitcoins are stored), which occurs either on the user\u2019s smart device or in the cloud. Unlike other bank accounts, bitcoins are not insured by FDIC (Federal Deposit Insurance Corporation).<\/p>\n<h2><img loading=\"lazy\" class=\"alignnone size-full wp-image-5560\" src=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg\" alt=\"Bitcoin\" width=\"800\" height=\"300\" srcset=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg 800w, https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin-300x113.jpg 300w, https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin-768x288.jpg 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/h2>\n<h2><strong>Bitcoin Security Tips<\/strong><\/h2>\n<p>Security and safety are really important when transacting with bitcoins. Therefore, sharing with you a few bitcoin security tips one should always keep in mind when it comes to securing your bitcoins.<\/p>\n<ul>\n<li>\n<h3><strong>Say \u2018No\u2019 to Web Wallets<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p>A web wallet also known to be as a hosted wallet is a type of bitcoin wallet, which is hosted by a third party. These wallets are much easier to use but do not offer a high-level security to the bitcoins which you have given them to be stored. Well, web wallets are like a magnet for cyber-hackers. Therefore, stay away from them and if necessary, choose the company which can provide the highest level of Bitcoin security and safety by reading its terms and conditions.<\/p>\n<ul>\n<li>\n<h3><strong>Stock Confidential Keys Offline<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p>Every bitcoin user should keep in mind to store their private keys (secret code which allows someone to spend bitcoins) confidential while offline. While making a payment of a transaction which is generated online, bring it to the offline computer with the help of a USB stick, and when it\u2019s already on the offline computer, then you should enter the private key. After that, bring it back to your online computer and then complete the transaction, there to stay safe and secure.<\/p>\n<ul>\n<li>\n<h3><strong>Use a Hardware<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p>Make it a point to make use of a hardware while making bitcoin transactions. Using USB keys helps to reduce the risk of cyber-attacks.<\/p>\n<p><img loading=\"lazy\" class=\"alignnone size-full wp-image-5561\" src=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin2.png\" alt=\"Bitcoin2\" width=\"800\" height=\"300\" srcset=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin2.png 800w, https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin2-300x113.png 300w, https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin2-768x288.png 768w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/><\/p>\n<ul>\n<li>\n<h3><strong>Have a Backup Plan<\/strong><\/h3>\n<\/li>\n<\/ul>\n<p>What if your computer system accidentally gets lost or stolen? Then, you won\u2019t be able to get access to your wallet, especially the bitcoins on the wallet. Therefore, keep a backup plan of your wallet on a regular basis to keep it updated with the latest private keys.<\/p>\n<p>Apart from the above-mentioned tips, it is advisable to run the <a href=\"https:\/\/www.reveantivirus.com\/en\/product\/antivirus\">best antivirus software<\/a> for all your smart device. Having an antivirus software provides protection against malicious e-threats.<\/p>\n<p>Don\u2019t get hooked by cyber-crooks!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is a new currency which was discovered in the year 2009. In bitcoins, transactions take place with no intermediates which simply means while making transactions, any role is not played by the banks. Bitcoins can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. As per the research, the price of bitcoin rise into the thousands in 2017.<\/p>\n","protected":false},"author":19,"featured_media":5560,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[94,203,93,317],"tags":[475],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<meta name=\"description\" content=\"Despite being all the rage these days, most of the people still not sure about what is bitcoin and how it works. Let&#039;s dig a little deeper into it!\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"What is Bitcoin? A Look at the Digital Currency\" \/>\n<meta property=\"og:description\" content=\"Despite being all the rage these days, most of the people still not sure about what is bitcoin and how it works. Let&#039;s dig a little deeper into it!\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin\" \/>\n<meta property=\"og:site_name\" content=\"REVE Antivirus\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/REVE-Antivirus-733117470104716\" \/>\n<meta property=\"article:published_time\" content=\"2017-12-25T05:22:38+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-08-19T12:12:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary\" \/>\n<meta name=\"twitter:creator\" content=\"@REVEAntivirus\" \/>\n<meta name=\"twitter:site\" content=\"@REVEAntivirus\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sweety Gupta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/#website\",\"url\":\"https:\/\/www.reveantivirus.com\/blog\/\",\"name\":\"REVE Antivirus\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.reveantivirus.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg\",\"contentUrl\":\"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg\",\"width\":800,\"height\":300,\"caption\":\"Bitcoin Digital Cryptocurrency\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#webpage\",\"url\":\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin\",\"name\":\"What is Bitcoin? A Look at the Digital Currency\",\"isPartOf\":{\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#primaryimage\"},\"datePublished\":\"2017-12-25T05:22:38+00:00\",\"dateModified\":\"2019-08-19T12:12:02+00:00\",\"author\":{\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/#\/schema\/person\/f444bb51962e00ef5dbe7ca8c073a21f\"},\"description\":\"Despite being all the rage these days, most of the people still not sure about what is bitcoin and how it works. Let's dig a little deeper into it!\",\"breadcrumb\":{\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.reveantivirus.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What is Bitcoin? A Look at the Digital Currency\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/#\/schema\/person\/f444bb51962e00ef5dbe7ca8c073a21f\",\"name\":\"Sweety Gupta\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.reveantivirus.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/896413fbc8b70bf2d9df8e143dc61064?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/896413fbc8b70bf2d9df8e143dc61064?s=96&d=mm&r=g\",\"caption\":\"Sweety Gupta\"},\"description\":\"Sweety is an versatile blogger with good experience in the It sector. She is an experience writer who writes on various topics related to cyber security, phishing attacks and machine learning.\",\"url\":\"https:\/\/www.reveantivirus.com\/blog\/author\/sweety\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"description":"Despite being all the rage these days, most of the people still not sure about what is bitcoin and how it works. Let's dig a little deeper into it!","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin","og_locale":"en_US","og_type":"article","og_title":"What is Bitcoin? A Look at the Digital Currency","og_description":"Despite being all the rage these days, most of the people still not sure about what is bitcoin and how it works. Let's dig a little deeper into it!","og_url":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin","og_site_name":"REVE Antivirus","article_publisher":"https:\/\/www.facebook.com\/REVE-Antivirus-733117470104716","article_published_time":"2017-12-25T05:22:38+00:00","article_modified_time":"2019-08-19T12:12:02+00:00","og_image":[{"width":800,"height":300,"url":"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg","type":"image\/jpeg"}],"twitter_card":"summary","twitter_creator":"@REVEAntivirus","twitter_site":"@REVEAntivirus","twitter_misc":{"Written by":"Sweety Gupta","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.reveantivirus.com\/blog\/#website","url":"https:\/\/www.reveantivirus.com\/blog\/","name":"REVE Antivirus","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.reveantivirus.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#primaryimage","inLanguage":"en-US","url":"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg","contentUrl":"https:\/\/www.reveantivirus.com\/blog\/wp-content\/uploads\/2018\/07\/Bitcoin.jpg","width":800,"height":300,"caption":"Bitcoin Digital Cryptocurrency"},{"@type":"WebPage","@id":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#webpage","url":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin","name":"What is Bitcoin? A Look at the Digital Currency","isPartOf":{"@id":"https:\/\/www.reveantivirus.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#primaryimage"},"datePublished":"2017-12-25T05:22:38+00:00","dateModified":"2019-08-19T12:12:02+00:00","author":{"@id":"https:\/\/www.reveantivirus.com\/blog\/#\/schema\/person\/f444bb51962e00ef5dbe7ca8c073a21f"},"description":"Despite being all the rage these days, most of the people still not sure about what is bitcoin and how it works. Let's dig a little deeper into it!","breadcrumb":{"@id":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.reveantivirus.com\/blog\/en\/what-is-bitcoin#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.reveantivirus.com\/blog"},{"@type":"ListItem","position":2,"name":"What is Bitcoin? A Look at the Digital Currency"}]},{"@type":"Person","@id":"https:\/\/www.reveantivirus.com\/blog\/#\/schema\/person\/f444bb51962e00ef5dbe7ca8c073a21f","name":"Sweety Gupta","image":{"@type":"ImageObject","@id":"https:\/\/www.reveantivirus.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/896413fbc8b70bf2d9df8e143dc61064?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/896413fbc8b70bf2d9df8e143dc61064?s=96&d=mm&r=g","caption":"Sweety Gupta"},"description":"Sweety is an versatile blogger with good experience in the It sector. She is an experience writer who writes on various topics related to cyber security, phishing attacks and machine learning.","url":"https:\/\/www.reveantivirus.com\/blog\/author\/sweety"}]}},"_links":{"self":[{"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/posts\/4192"}],"collection":[{"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/comments?post=4192"}],"version-history":[{"count":6,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/posts\/4192\/revisions"}],"predecessor-version":[{"id":7886,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/posts\/4192\/revisions\/7886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/media\/5560"}],"wp:attachment":[{"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/media?parent=4192"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/categories?post=4192"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.reveantivirus.com\/blog\/wp-json\/wp\/v2\/tags?post=4192"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}