In the first post of this two-part series contrasting Bitcoin and the legacy financial system, we discussed how money moves around. This post will review how the money itself is managed: its creation and issuance.

In this two-part blog, we’re going to focus on how Bitcoin differs from legacy financial systems. Starting with how money moves around in traditional finance and Bitcoin. In the next blog, we’ll touch on how the money supply is managed, ending with a comparison of how Bitcoin’s money supply differs.

In today’s rapidly evolving financial landscape, a new class of assets has emerged and gained recognition from financial news outlets like CNBC and the Wall Street Journal as well as on social media and other internet websites. These assets are collectively called “cryptocurrencies” and the largest among them is Bitcoin.

Bitcoin is a very broad topic. As Bitcoin becomes more prominent within our local communities, it can be an overwhelming task to learn everything all at once, so we’ve created a list of terms that are most important for you to know.

Now that we’ve introduced some of the basic Bitcoin terms in Part 1 of this blog series, which you can read here, we can investigate more advanced terms. We are rounding out this two-part series in today's blog, by covering terms that are more about the process of mining, Bitcoin ownership, and more!

Bitcoin is a digital currency, created for the internet-connected world around us. Bitcoin operates on a decentralized network, which means there is no company, organization, or CEO. All participants in the Bitcoin network have an equal say in its operation.

Every person learning about Bitcoin comes across the same questions. I myself asked these questions a few years ago when I was starting to learn about it. Here are the answers to a few commonly asked questions.