Bitcoin For Dummies
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The Bitcoin blockchain is one of the largest and most powerful blockchains in the world. It was designed primarily to send Bitcoin, the cryptocurrency. So, naturally, in order to create a message in the Bitcoin blockchain, you must send some Bitcoins from one account to another.

When you send Bitcoins from one account to another, a transaction history is recorded in the Bitcoin blockchain. After a transaction has been entered, the information can't be removed — your message will be around as long as Bitcoin is in existence. This concept of permanence is powerful — it's the most important characteristic of any blockchain.

A Bitcoin wallet address is composed of 32 unique characters. It allows you to send and receive Bitcoins. Your private key is a secret code associated with your Bitcoin address that lets you prove your ownership of the Bitcoins linked with the address.

Anyone with your private key can spend your Bitcoins, so never share it.

Your first Bitcoin wallet needs to be linked to a credit card or bank account. I recommend using one of the following Bitcoin wallets: To set up your first wallet, just go to one of these URLs and create an account. It just takes a few minutes. When you have your account open, add a little money to it so you can experiment — $5 is a great starting point.

To receive the Bitcoins you'll send, you need to make a second Bitcoin wallet. For this second wallet, don't use a Circle or Coinbase wallet — they don't have the functionality you need for this purpose.

The easiest Bitcoin wallet to use for this project is the Blockchain.info wallet. Follow these steps to create it:

  1. Go to the Blockchain.info website.
  2. Click Wallet.
  3. Click Create Your Wallet.
  4. Enter an email address and password.

About This Article

This article is from the book:

About the book authors:

Peter Kent is an e-commerce consultant who specializes in search engine optimization (SEO). He’s also delved into cryptocurrency, including creating the online course Crypto Clear: Bitcoin & Cryptocurrency Made Simple. A former vice president of web solutions at a national internet service provider, and vice president of marketing and SEO expert at Indigio, Kent has been involved in the online world since 1984. He's been writing about the internet since 1993. He’s the author of nearly 60 books, as well as hundreds of articles. Tyler Bain is a professional engineer who specializes in the electrical grid. He is also a Certified Bitcoin Professional who focuses on system resiliency and mining mechanics.

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