How do I buy a Crypto Currency?

Step 1: You need government issued normal money.

Step 2: Open an account with an exchange that trades (buys and sells) Digital Currency, (Crypto Currencies).

Step 3: Deposit your money into your newly opened account from Step 2.

Step 4: Buy a Digital currency of your choice.

When you sell, the Currency you bought in Step 4, the money is converted back to regular money and deposited back into your account.

Bitcoin Mining. What is it?

Bitcoin “mining” conjures up, images of people with shovels digging for “Bitcoin”. Actually, Bitcoins is not “mined” from the ground. Bitcoin “mining” is the process of creating Bitcoins using sophisticated computers that solve very complex algorithms and equations using a process known as “HASHING”. Essentially, using hashing techniques, Computers withing the Bitcoin network guess the correct “Hash” for the algorithm. These guesses are made at very high speeds at more than one million times. Once the correct Hash is made, a Coin is created and then transmitted to all the Systems in the Blockchain ledger. The Hash is then locked to avoid what is known as “Double Spending”. This makes each coin unique