Learn Bitcoin

Empowering you with knowledge to understand Bitcoin and its revolutionary potential.

What is Bitcoin?

Bitcoin is a decentralized digital currency that allows people to send and receive money globally without relying on banks or intermediaries. Created in 2009, Bitcoin operates on blockchain technology, making transactions secure, transparent, and immutable.

 

Key Features of Bitcoin:

  • Decentralized: No single entity controls it.
  • Secure: Advanced cryptography protects your funds.
  • Global: Accessible to anyone, anywhere.
  • Finite Supply: Only 21 million Bitcoins will ever exist, ensuring scarcity.

Why Bitcoin Matters in Lesotho

  • Affordable Cross-Border Payments: With many working in South Africa, Bitcoin provides a low-cost solution for sending money back home.
  • Financial Inclusion: Empowering those without access to traditional banking systems.
  • Protection Against Inflation: Bitcoin’s limited supply makes it a store of value.

How Does Bitcoin Work?

Bitcoin runs on a blockchain — a distributed ledger that records all transactions.

  1. Transactions are grouped into blocks.
  2. Miners validate these blocks through a process called Proof of Work.
  3. Once validated, blocks are added to the chain, ensuring security and transparency.

Simple Analogy:
Think of Bitcoin as digital cash that’s stored in a secure online wallet. Transactions are verified by a network of computers instead of a bank.

How to Get Started with Bitcoin

  1. Create a Wallet: Choose between mobile wallets, desktop wallets, or hardware wallets for secure storage.
  2. Buy Bitcoin: Use trusted platforms to purchase Bitcoin safely.
  3. Secure Your Bitcoin: Store your wallet backup phrase offline and protect your private keys.

Bitcoin for Beginners

Explore our step-by-step guides and resources tailored for those new to Bitcoin:

  • Understanding Wallets: Learn how to choose and set up a Bitcoin wallet.
  • Buying Bitcoin: A beginner’s guide to safe purchasing.
  • Transacting with Bitcoin: How to send and receive Bitcoin.