This independent guide walks you through the setup of Jaxx, a popular and free software wallet. Cryptocurrencies like Bitcoin are held in wallets, which hold the public and private keys required for transactions. A wallet can take the form of a downloadable app, a piece of specialist hardware or simply a piece of paper.
Concerns around money laundering and disruption of financial services markets by blockchain shouldn’t shut out fintech start-ups from the banking system.
We explain how Bitcoin transactions are made of inputs and outputs, comparable to double-entry bookkeeping, and how they are linked in irreversible chains.
Bitcoin is a form of money (currency) that only exists in the digital world. It operates without borders, so can be used globally. It doesn’t require a centralised system to work like the traditional global financial and banking system.