Frequently Asked Questions

What is bitcoin?

Bitcoin was the first digital Asset, It was created by Satoshi Nakamoto in 2009. Bitcoin was built and functions on blockchain technology. It is often referred to as “peer-to-peer: electronic cash” giving you the option to send funds across the internet.

What is the blockchain?

Blockchain is the network which Bitcoin and others like it function. It is an open ledger, which all the transactions are verified against.

What is the function of the blockchain?

The blockchain is an open ledger, it has “miners” or computers running bitcoins (or any other digital assets) program. The miners solve algorithms within the blockchain’s code, adding transactions in the form of blocks to the open ledger. “Nodes” carry the blockchain’s history in its entirety and they come to a consensus to verify the open ledger.

What is cryptocation?

Cryptocation is an educational program dedicated to helping you get up to speed with blockchain and the digital asset market.

Why do I need it?

As with any financial markets, you need to know what you are getting into. Every investment takes the right knowledge to invest properly.

What will I be learning?

We offer a crash course in everything crypto. After going through our program we aim to help you become well versed in digital asset market.

What types of accounts do they offer?

Most exchanges offer two types of accounts. One is a personal account used for non-commercial uses. Their second account is a corporate account used for business purposes.