Topic: What is Bitcoin? (In 21 words) - page 2. (Read 2511 times)
Bitcoin is a global peer-to-peer payment network.
To create some bitcoins, you must prove to the network you computed a CRAZY math problem. its very hard to compute the answer, but very easy for the network to verify your proof. all made possible thanks to encryption.
"Bitcoin lets you send money to anyone who is aware of its existence and has a bitcoin wallet, anywhere in the world as long as internet access is available, for free, instantly, and without involving a bank or government, but with the assistance of transaction processors commonly called bitcoin miners."
FTFY
Looks like it's 50 words now.
In three words...
"Bitcoin is money"
"Bitcoin is money"
"Bitcoin lets you send money to anyone, anywhere in the world, for free, instantly, and without involving a bank or government."
Jump to: