Topic: What is Bitcoin - page 3. (Read 752 times)
It is the first decentralized digital currency, as the system works without a central bank or single administrator
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.
Bitcoin is a digital currency — a virtual form of cash — that allows users to make anonymous payments online. Bitcoin transactions are validated by a vast network of computers, instead of banks or governments, making it a decentralized form of money that many have hailed as a privacy-friendly answer to corporate banking and a recession-proof alternative to inflationary currencies.
Bitcoin is 2 things:
1. A digital currency
2. A decentralized platform
It was invented to be a peer-to-peer payment solution. It's main characteristic is that it allowed people to transfer funds without having to go through a centralized entity (like a bank). That was possible thanks to it's underlying technology, the blockchain.
I made this short video where I explain it in a bit more detail: https://www.youtube.com/watch?v=yaPeSJTUmQs&index=1&list=PLkosbfdomGrPVpQ0ynWnEnOItywY4wFMw&t=2s
1. A digital currency
2. A decentralized platform
It was invented to be a peer-to-peer payment solution. It's main characteristic is that it allowed people to transfer funds without having to go through a centralized entity (like a bank). That was possible thanks to it's underlying technology, the blockchain.
I made this short video where I explain it in a bit more detail: https://www.youtube.com/watch?v=yaPeSJTUmQs&index=1&list=PLkosbfdomGrPVpQ0ynWnEnOItywY4wFMw&t=2s
bitcoin is simply know as digital crypto currency
it would be easier for you to experience BTC and also look it up on google to know
Bitcoin is the most popular crypto currency. Google and youtube is your friend. You can definitely get a ton of information with video presentations. 
Bitcoin is a currency that revolves around being distributed strictly as an internet based payment system. It’s commonly known for its non-governed aspect. It’s gotten popular because more and more businesses are starting to use it.
Can I tell me something about bitcoin and blockchain?
What is block time, block size and how effected of it to blockchain?
Bitcoin is a digital currency and is one of the most valuable crypto coin of any coin at the moment.What is block time, block size and how effected of it to blockchain?
The link between blocktime and blocksize in blockchain is blockchain is a useful data structure for storing bitcoin financial transactions in a ledger then distributed on bitcoin networks based on time and size.
Can i tell me some thing about bitcoin and blockchain?
What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is a digital form of money which can be only used online, and Bitcoin is the best value of currency when it is compared to other alternative coins. What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is the first digital currency and till today all other crypto currencies are exchanged and operated based on this Bitcoin. The idea of crypto currency came to the reality just with the help of Bitcoin. So far this is the most valuable crypto currency. ok
Can I tell me something about bitcoin and blockchain?
What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is one of the best digital currencies (cryptocurrency) that has the best value compared to other altcoins. Many people are investing in bitcoin because of its greater profits. While blockchain is a digital book that records transactions that occur during a certain time and a certain size on cryptocurrency. What is blocktime, blocksize and how effected of it to blockchain?
Can i tell me some thing about bitcoin and blockchain?
What is blocktime, blocksize and how effected of it to blockchain?
Ohh those are really basic question and i could give you advise to study about those words for yourself cause thanks to that you will be able to understand not only meaning but how those things are working. What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin itself is essentially a cryptocurrency or a virtual currency that runs on blockchain technology. With its rising value, bitcoin is transformed into one of the most hunted digital assets.
Blockchain - the technology used to verify and record transactions located in the heart of Bitcoin - is seen as having the potential to reshape the global financial system and possibly other industries.
if you want to know more information you can search in google and other mass media.
Blockchain - the technology used to verify and record transactions located in the heart of Bitcoin - is seen as having the potential to reshape the global financial system and possibly other industries.
if you want to know more information you can search in google and other mass media.
Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most common currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be done more from one time.
if you want to know more clearly, you can search on
google / youtube, here a lot of information about bitcoin more complete
if you want to know more clearly, you can search on
google / youtube, here a lot of information about bitcoin more complete
Bitcoin is best described as a virtual currency. There are no physical cash forms, coins, or tokens, they exist electronically based on an open-source software.
The Bitcoin network is decentralized in that no central authority controls the amount of bitcoin in circulation. Bitcoin doesn’t need a banking system or government for bitcoin tokens to be created, exchanged, or stored, and is not involved in traditional exchange rates. Instead, Bitcoin leverages a peer-to-peer network commonly referred to as the ‘blockchain.’
We expand on this more in our blog post, so check it out
Bit.ly/Bitcoin101Guide
Hope this helps!
The Bitcoin network is decentralized in that no central authority controls the amount of bitcoin in circulation. Bitcoin doesn’t need a banking system or government for bitcoin tokens to be created, exchanged, or stored, and is not involved in traditional exchange rates. Instead, Bitcoin leverages a peer-to-peer network commonly referred to as the ‘blockchain.’
We expand on this more in our blog post, so check it out
Bit.ly/Bitcoin101Guide
Hope this helps!
Биткoйн - цифpoвaя вaлютa, этo пepвaя дeцeнтpaлизoвaннaя цифpoвaя вaлютa. Eгo кoнцeпция являeтcя oднopaнгoвoй и тpaнзaкции пpoиcxoдят мeждy пoльзoвaтeлями нaпpямyю.
Blockchain - этo цифpoвoй peгиcтp, в кoтopoм тpaнзaкции, выпoлнeнныe в биткoйнe или дpyгoй кpиптoвaлютнocти, зaпиcывaютcя xpoнoлoгичecки и пyбличнo.
Blockchain - этo цифpoвoй peгиcтp, в кoтopoм тpaнзaкции, выпoлнeнныe в биткoйнe или дpyгoй кpиптoвaлютнocти, зaпиcывaютcя xpoнoлoгичecки и пyбличнo.
BITCOIN is a new currency that was created in 2009 by unknown person. It is the first decentralized digital currency, as the system works without a central bank or single administrator.
Bitcoin is a cryptocurrency. It is a type of digital currency works without any administrator. The Bitcoin transaction takes place between users through a blockchain network. All the transaction done in Bitcoins are verified by the Cryptography.
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