Topic: How bitcoin works ? (Read 498 times)
How exactly to interpret bitcoin is a matter of controversy: as a currency, a store of value, a payment network, an asset class?
It's not at all easy to explain,bitcoin is a decentralised crypto which spreads in too many countries.Blockchain is a shared public ledger on which all the network relies.All permanent transactions are included in the blockchain.And they have a private key for every secure transactions.And For the detailed information you can search these links.
https://bitcoin.org/en/how-it-works
https://www.youtube.com/watch?v=tMO2CJVQqgg
https://bitcoin.org/en/how-it-works
https://www.youtube.com/watch?v=tMO2CJVQqgg
How bitcoin works? From where bitcoin come from?
Search 'Satoshi Nakamoto' in wikipedia for where come from. There good summary.
How bitcoin works? From where bitcoin come from?
Bitcoin is a digital currency which works primarily with the internet. So use also the internet to know more about bitcoin. You should learn it for yourself just like when you heard about bitcoin, when you heard that it has a high price. Do not just depend on one to one tutorial. You achieve your primary goal using bitcoin which is to gain more money by having enough information and knowledge about it and other cryptocurrencies.
How bitcoin works? From where bitcoin come from?
bitcoin is the decentralized digital currency this can be build and mine using graphic drivers that can solved mathematical problems. there is a lot of description about bitcoin here in bitcoin talk just give your self sometime to read and learn from the past topic.
How bitcoin works? From where bitcoin come from?
I recently read a very easy to understand guide on medium titled how to explain bitcoin to a 7 year old. You can search for that on google, I'm sure you'll understand the basics of it. 
How bitcoin works? From where bitcoin come from?
On the very simplest terms of just a currency, think of how ledgers work. When I pay you, my ledger decreases while yours increases. The same applies for the opposite. This transaction ID is appended to the blockchain which is a large list of these transactions, and they are confirmed through mining.
Hey! Here's the link for Manav Gupta's "Blockchain for Dummies" e-book, presented on IBM website: https://www-01.ibm.com/common/ssi/cgi-bin/ssialias?htmlfid=XIM12354USEN
Long reading but for those who want a detailed step by step guide, it may be useful.
Long reading but for those who want a detailed step by step guide, it may be useful.
Bitcoins are completely virtual coins designed to be 'self-contained' for their value, with no need for banks to move and store the money.
Once you own bitcoins, they behave like physical gold coins: they possess value and trade just as if they were nuggets of gold in your pocket. You can use your bitcoins to purchase goods and services online, or you can tuck them away and hope that their value increases over the years.
Once you own bitcoins, they behave like physical gold coins: they possess value and trade just as if they were nuggets of gold in your pocket. You can use your bitcoins to purchase goods and services online, or you can tuck them away and hope that their value increases over the years.
How bitcoin works? From where bitcoin come from?
If you had do some research about it. Maybe you need to rebuild your mind, the way you think about currencies "offline" makes you hard to understand this..cmiiw
Bitcoin was the first true Cryptographic currency based on complex mathematical algorithms. The software to run this decentralized network is running on 1000's of computers globally. < People voluntarily run the software on their computers to secure the network and to protect it from attacks >
The software generate bitcoins at a pre-determined rate as defined by the protocol and these bitcoins are mined by people with very specialized ASIC computer chips, specifically designed for this purpose on a massive scale. They get bitcoins as a reward for validating transactions being done on the Bitcoin network. ^smile^
These bitcoins are then sold to other people.
The software
These bitcoins are then sold to other people.
How bitcoin works? From where bitcoin come from?
Bitcoin is a peer to peer digital money that is secure and easy to use. Its stored on a digital wallet which can either be desktop wallet, android wallet, web wallet or cold storage. Bitcoin was invented by satoshi nakomoto back in 2009, and he/they remained anonymous since then. Bitcoin has been slowly gaining recognition and popularity throughout the years and a lot of people and countries are beginning to use it. Bitcoin can be bought, mined and earned through a variety of activities.
The first Bitcoin specification and proof of concept were published in 2009 in a cryptographic mailing list by Satoshi Nakamoto. It is not known whether Satoshi is a male or female, whether it consists of one person or group. Satoshi left the project at the end of 2010 without telling much about him. Bitcoin community is growing rapidly as many developers are working on Bitcoin.
basically, the way bitcoin works is supported by:
1. block chain: records all transactions in bitcoin
2. mining network
3. wallet
basically, the way bitcoin works is supported by:
1. block chain: records all transactions in bitcoin
2. mining network
3. wallet
I'd recommend that you check out these two links, which should answer any questions you have regarding what Bitcoin really is and how it works:
https://bitcoin.org/en/faq
https://bitcoin.org/en/how-it-works
The first link also covers other topics such as mining, acquisition etc. It's really comprehensive and usually the one you need.
Once you're more familiar with Bitcoin, you might want to read the whitepaper to fully grasp it: https://bitcoin.org/bitcoin.pdf
https://bitcoin.org/en/faq
https://bitcoin.org/en/how-it-works
The first link also covers other topics such as mining, acquisition etc. It's really comprehensive and usually the one you need.
Once you're more familiar with Bitcoin, you might want to read the whitepaper to fully grasp it: https://bitcoin.org/bitcoin.pdf
there's have more method how bitcoin works theres have mining or faucet free btc every hour bitcoin works for people who need extra income bitcoin works to buy what you need. try to explore the world of bitcoin iknow theres a lot of way how bitcoin works.
the way the bitcoin work with a decentralized decentralized crypto in any country, bitcoin consists of three parts, the blockchain is a list of all transactions that ever existed,
and also by bitcoin mining, and what we see is a wallet
and from the creation of the bitcoin satoshi is created.
and also by bitcoin mining, and what we see is a wallet
and from the creation of the bitcoin satoshi is created.
Bitcoin sites on the Internet have been told. It has a lot of great explanation that you can not understand. So if you are good English bujen then you can learn from online. What is Bitcoin? How to use Where did you come from? These are analyzed. But you can understand it well on YouTube.
There are hundreds of explanations online, if you are decently proficient in english i would recommend Andreas Aantonopolous' youtube account. He has many basic explanations.
There's too much information here in bitcointalk or in the whole world wide web in general to answer your question. Do some research.
A Beginner's Guide to Blockchain Technology: https://www.coindesk.com/information/
A Beginner's Guide to Blockchain Technology: https://www.coindesk.com/information/
I know that the bitcoin is a decentralized crypto, not centralized in a country, a blockchain that works as a list of every Bitcoin transaction ever. Before the transaction goes into the block chain, then the transaction has not been completed. The block contains a new set of transactions and is connected to the previous block., then there's also mining and wallet.
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