Does anyone think Bitcoin first as a digital currency or a computer program?
First of all, Bitcoin is really a computer program. Yes, a computer program that allows machines all over the world to share a secure file.
Then, how did Bitcoin come to be known as digital currency? You execute the program at that point. It will establish a connection with other computers that are using this program, and they will begin sharing a file with you. New bitcoins are created, or mined, when computers on the network process and verify transactions.
All of these transactions rely on cryptography to send and receive digital output. These outputs are merely holding structures for various bitcoin amounts. Because of this, a universal electronic payment system—what we now refer to as "digital currency"—is created.
Sources:
https://learnmeabitcoin.com/
https://www.bankrate.com/investing/what-is-bitcoin-mining/
Topic: Bitcoin : A digital currency or a computer program? - page 2. (Read 332 times)
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