A bitcoin is not an investment just as. Blockchain is simply a nifty software invention which is open source and free for anyone to use whereas bitcoin is just one well known way to use it. Like the way you store your money in your wallet or a bank bitcoins are stored in bitcoin wallets.
Bitcoin is a digital currency cryptocurrency which is independent of any country or geographical entity can be used by anyone who is connected to the internet. Bitcoin can be used to book. Transactions are made with no middle men meaning no banks.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias satoshi nakamoto. You can use it to buy. It s like an online version of cash.
Bitcoin often described as a cryptocurrency a virtual currency or a digital currency is a type of money that is completely virtual. Although there are some specialist. Unlike the notes or coins in your pocket it largely exists online.
It is digital and it is seen as an alternative currency. There are two key traits of bitcoin. It is powered through blockchain technology.
It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer to peer bitcoin blockchain network without the need for intermediaries. Bitcoin is a cryptocurrency a form of electronic cash. Cryptocurrencies such as bitcoin run on a technology called blockchain essentially a huge online database of transactions.
Bitcoin is a cryptocurrency a form of digital money which can be bought with other currencies traded for them and where retailers accept it used to buy goods and services.
What bitcoin is all about. Bitcoin was the first of what have become known as cryptocurencies. These are forms of digital money that use encryption to secure transactions and control the creation of new units. Simply put bitcoin is a digital currency. No bills to print or coins to mint.
It s decentralized there s no government institution like a bank or other authority that controls it. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer to peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer to peer bitcoin network without the need for intermediaries. It s decentralized there s no government institution like a bank or other authority that controls it.
No bills to print or coins to mint. Simply put bitcoin is a digital currency. These are forms of digital money that use encryption to secure transactions and control the creation of new units.
Bitcoin was the first of what have become known as cryptocurencies.
