What is Bitcoin?
I am oft asked that question. Bitcoin is a degree of electronic currency. Just similar you lot tin role PayPal to pay for an online order, you lot tin at ane time role Bitcoin at to a greater extent than too to a greater extent than locations to brand online purchases. But, dissimilar PayPal, which is linked to your depository fiscal establishment account, Bitcoin doesn't involve the banks at all.
Bitcoin is a decentralized currency, important at that spot is no ane mortal or entity that controls it. The whole Bitcoin "universe" is distributed across hundreds of thousands, if non millions of peer-to-peer networked computers. There is no ane bank, country, or server that could neglect too get got downward Bitcoin. Traditional money is called a "fiat" currency. Fiat currency is money that a authorities has declared to hold upward legal tender for a country. Bitcoin is non a fiat currency.
If you lot Google your questions you'll detect lots of different answers to it. It is worth taking the fourth dimension to read through about of them. Here's a curt article from Coin Desk titled "
What is Bitcoin". I recollect it is a groovy house to start.
Also, lookout adult man out for the term "blockchain". While Bitcoin is for certain interesting, blockchain is actually the amazing conception that allows Bitcoin to work. If you lot tin read upward on it too larn a basic agreement of what blockchain is, you'll empathize how pretty much whatsoever of the novel breed of Crypto-Currencies work.
Terimakasih anda telah membaca artikel tentang What Is Bitcoin. Jika ingin menduplikasi artikel ini diharapkan anda untuk mencantumkan link https://inflationravaged.blogspot.com/2017/09/what-is-bitcoin.html. Terimakasih atas perhatiannya.