You know, the OP's question is definitely something I struggled with at first as well (and still do at times). Rather than echo what has already been stated by others, the way I look at BTC is that it is a human made phenomenon that has value because WE (as humans) give it value. The more BTC (or other cryptocurrencies for that matter) is bought into and used by society (aka believers in BTC), the more "value" it has. Kind of like the ultimate social currency. So the more you recruit friends, family, strangers into buying into the concept of BTC, the more BTC will be worth.
Fiat currencies may be slightly different, but still operate under the same idea (gold has value because we as humans give it a certain amount of value and people have bought into that concept).
Please feel to critique my thinking, always open to suggestions!
Topic: What is Bitcoin - page 5. (Read 752 times)
The first cryptocurrency in the world
You can find about it if you do a bit of research on Google, but here I go. I won't go into the specifics of Bitcoin because that will take too long, so i'm just going to skim over it. In a nutshell, Bitcoin is digital currency that uses blockchain technology as a ways of payment online. This is also called a cryptocurrency. Bitcoin is a decentralised exchange where no single person or power controls the currency. In bitcoin, there are the devs, which work together to implement updates to improve Bitcoin, the users, which hold Bitcoin and the miners which lend out part of their CPU in order to process transactions. Compare this with banks and the government, which can generate any amount of it's national currency at any time, and you can see why having a currency that no one controls is so innovative and exceptional. Bitcoin also uses blockchain technology, which is a digitised ledger made up of individual blocks. These blocks contain data of all the transactions that are processed by the miners and are uploaded onto the blockchain. On the blockchain, everyone and anyone can see every single transaction that has been made, making Bitcoin a very transparent currency compared to fiat. If you want to a more in depth and technical explanation of Bitcoin, try this youtube video
https://www.youtube.com/watch?v=Lx9zgZCMqXE
Have fun!
https://www.youtube.com/watch?v=Lx9zgZCMqXE
Have fun!
Thank you so much about this information that you supply. I'll watch it carefully
Can i tell me some thing about bitcoin and blockchain?
What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is most powerfull and valuable coin on crypto market.It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.you can find full details about bitcoin and blockchain on google or wikipedia first try to this , https://en.wikipedia.org/wiki/Blockchain . What is blocktime, blocksize and how effected of it to blockchain?
i think it is the father of all cryptocoins...if the btc fall some of the coins also fall.
Dear Bro,
can you speak English, i dont know what you speak. Thank you
can you speak English, i dont know what you speak. Thank you
bitcoin is a crypto currencies created by mr. satoshi, bitcoin is the main and highest value in crypto world that you need to trade to by ethereum and other token just like investing , trading knowledge is a must if you dont know how to trade then you will lost all of your holdings so proper research can do.
Dear BroI find some information about a number of bitcoin that Mr Satoshi is have? Does it effect to BTC blockchain?
Bitcoin is a digital crytocurrency & virtual currency. This is a popular currency in the present world. It was discovered in Satoshi Nakamoto in 2009. Bitcoin is a place that is easy to exchange in other places. We can use it as a currency. It is not regulated by the government. It is regulated by person. There is a lot of people getting employment through bitcoin. Income increases in per capita income. Bitcoin can easily make many profits. In future this bitcoin will gain much more.
Thank you, broI use GG to search some thing about Bitcoin. Bitcoin is a Crypto, digital currency. They taught it a less or no fee when we use bitcoin as a money to make transaction. But the real is not. This Fee when we send BTC to another or make transaction is very expensive. When we send about 200$, the fee is 5$ or more? What is the truth?
Bitcoin is a digital cryptocurrency & virtual currency. This is a popular currency in the present world. It was discovered in Satoshi Nakamoto in 2009. Bitcoin is a place that is easy to exchange in other places. We can use it as a currency. It is not regulated by the government. It is regulated by person. There is a lot of people getting employment through bitcoin. Income increases in per capita income. Bitcoin can easily make many profits. In future this bitcoin will gain much more.
bitcoin is a crypto currencies created by mr. satoshi, bitcoin is the main and highest value in crypto world that you need to trade to by ethereum and other token just like investing , trading knowledge is a must if you dont know how to trade then you will lost all of your holdings so proper research can do.
bitcoin is a Father of crypto currencies. 
We can discuss about BTC and blockchain by "read blockchain", right. Some body can help me a fundamental principle of BTC or blockchain?
Help me to explain some thing of blockchain. Thank you so muchh
https://uphinhnhanh.com/images/2018/02/24/block0.png
Help me to explain some thing of blockchain. Thank you so muchh
https://uphinhnhanh.com/images/2018/02/24/block0.png
Most of the forums members do not explain bitcoin too much but just search bitcoin on google and you can read it to learn it.
Can i tell me some thing about bitcoin and blockchain?
Bitcoin is digital currency, It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly.Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
First: Blocktime: is a time to find a NONCE, right. So after 10 min, the block is close, a new block is build, nonce has found? When ever block close less than 10 min?
2. How to find a nonce? I know many nonce is satisfy for 1 block. So Who find a nonce to get a reward? A first that find a nonce?
3. How to "make a BTC". The block 0 has found. Then Block 1, block 2...block n. what is be wroted on the block? Transaction, right?
Thank you for reading. and "fall heart" ^^
Bitcoin is a digital crypto currency. Bitcoin is uses for many transactions . Many investor invest on bitcoin because it really helps to earn more and save more from the future. Thanks to this forum for the bewbie so they can really recognize what is bitcoin is. Bitcoin can help you to pay for your daily expenses since its a good investment you can start your future its just a peace of mind because you have an investment to your future
Bitcoin is the first cryptocurrency launched in worldwide payment system.
Blockchain is a public ledger that records and distribute a crptocurrency transactions.
Blockchain wallet used to receive and send do transactions anonymous.
Blockchain is a public ledger that records and distribute a crptocurrency transactions.
Blockchain wallet used to receive and send do transactions anonymous.
Bitcoin is a currency Which is a type of electronic service. Bitcoin is a form that is done online through computers or laptops and is converted into real sense from digital money. Bitcoin is also known as a virtual money.
i agree with you there is no doubt that bitcoin is a digital currency and it work same like other currency and i believe it's much better than cash or any other currency because bitcoin price is very high then any other currency and its now available in many countries and it also provide a lot of opportunities.
bitcoin is the virtual currency or digital currency. a lot of lessons we can get from this bitcoin, and from this bitcoin also a lot of work that we can get, and savings for our future, family, and also our future successor later.
Can i tell me some thing about bitcoin and blockchain?
What is blocktime, blocksize and how effected of it to blockchain?
the topic that was repeatedly seen in this forum, what is bitcoin? What is blockchain? I advice to you it's better to used Google read and research. Try to read more, there are many threads you can read and I'm sure you will get a lot of information.What is blocktime, blocksize and how effected of it to blockchain?
I agree with you, this question are repeatedly seen in forum.
If you want to know on what is bitcoin or a blockchain you should do a research, spend more time and effort.
This is a question asked repeatedly. I think you should do research here in forum,in google ,in bitcoins book so that you do not need to ask this questions. And always keep on reading here in forum for you to learn more and have knowledge about everything here and learn more about crypto world as well.
Jump to: