Just learn how to buy and hodl 
Topic: How does Bitcoin system work? (Read 123 times)
Why would you need to go deeper into the technical details? That's a headache. Just learn how to buy and hodl
Just learn how to buy and hodl I also understand some knowledge about the blockchain and bitcoin. But there are still some questions, bitcoin system is how to run it?
Simplistically, I think that we can analogize this concept by this picture: bitcoin are found in networks and some people mone this coin from servers and patches by having an elaborate program to parse through the code. This bitcoin are then can be used for cashless and digitized transactions which can be sent via the internet. This couns have realisitcally no value but because of their uses in having transactions they have a real actual prive that can be encashed
How to run the Bitcoin system? That kind of doesn't make sense.
If you're asking how to run a full node, simply download and run Bitcoin Core. It doubles as a wallet and is coincidentally the safest one not counting hardware wallets. You would also be contributing to the safety and integrity of the whole network.
If you simply want to start using Bitcoin, get a wallet (avoid online ones like the plague), buy from an exchange or a third party person, and you're good to go.
As for how Bitcoin and the blockchain works, there are plenty of materials online that can explain it much better than I can, so you can start by just Googling your questions.
If you're asking how to run a full node, simply download and run Bitcoin Core. It doubles as a wallet and is coincidentally the safest one not counting hardware wallets. You would also be contributing to the safety and integrity of the whole network.
If you simply want to start using Bitcoin, get a wallet (avoid online ones like the plague), buy from an exchange or a third party person, and you're good to go.
As for how Bitcoin and the blockchain works, there are plenty of materials online that can explain it much better than I can, so you can start by just Googling your questions.
I also understand some knowledge about the blockchain and bitcoin. But there are still some questions, bitcoin system is how to run it?
Take your time to learn, this forum is the first step if you want to know bitcoin. Read a lot and try it for yourself. As soon as you start to deal with bitcoin addresses, wallets, etc. you'll start to understand the basics... As soon as you start to wait for a transaction, because it's not confirming for days, you'll start to understand the needs for further developments for the system and as soon as you won't care about price drops (like nowdays we have), you'll be fine with bitcoin.Based on the article I happen to read, a transaction is transfer to a value between bitcoin wallets that gets included on the blockchain. Bitcoin wallets hold a hidden piece of data called a private key or seed, which is used to sign transactions, providing a mathematical validation that they have come from the owner of the wallet.
I also understand some knowledge about the blockchain and bitcoin. But there are still some questions, bitcoin system is how to run it?
Take your time to learn, this forum is the first step if you want to know bitcoin. Read a lot and try it for yourself. As soon as you start to deal with bitcoin addresses, wallets, etc. you'll start to understand the basics... As soon as you start to wait for a transaction, because it's not confirming for days, you'll start to understand the needs for further developments for the system and as soon as you won't care about price drops (like nowdays we have), you'll be fine with bitcoin.
You should be knowledgeable about Bitcoin only if you can work on bitcoine if you do not have knowledge of bitcoin then you have not been able to work.
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I also understand some knowledge about the blockchain and bitcoin. But there are still some questions, bitcoin system is how to run it?
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