Bitcoin and blockchain are on everyone’s lips, but for many people they are a closed book. The topic is indeed complex. We’ll try to explain the most important terms as clearly as possible. Bitcoin (BTC) is a digital currency. The name is a combination of bit (smallest binary unit of information) and coin. The quantity is limited to 21 million and 19.5 million of these have already been mined or generated. However, as the amount of BTC distributed decreases over the years, it will be more than a hundred years before the last Bitcoin is mined. The smallest unit of Bitcoin is a Satoshi – 0.00000…

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