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Author Topic: What is a Bitcoin.  (Read 36016 times)

Offline CryptoGirl

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What is a Bitcoin.
« on: October 25, 2017, 05:14:42 PM »

Bitcoin is a digital -non physical - currency that exists over the internet.

The currency exist over a distributed database called blockchain.

Technically having bitcoins means that you are listed on ledger book as having an amount of this currency.

Please provide any simpler explanations if you have any.

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What is a Bitcoin.
« on: October 25, 2017, 05:14:42 PM »

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Offline Dilerium90

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Re: What is a Bitcoin.
« Reply #1 on: October 25, 2017, 10:47:01 PM »
Bitcoin - it is a new world with new opportunities! Alleluia, Bitcoin!
   

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Offline azzam

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Re: What is a Bitcoin.
« Reply #2 on: October 28, 2017, 07:07:38 AM »
bitcoin is the virtual currency, the function is the same as the current currency, only klo bitcoin there is no physical form like the currency that we have been using for this, and for now bitcoin can only be used as a medium of exchange on the internet only, it also certain people who know bitcoin..

Offline bfn

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Re: What is a Bitcoin.
« Reply #3 on: October 29, 2017, 01:51:32 PM »

Bitcoin is a digital -non physical - currency that exists over the internet.

The currency exist over a distributed database called blockchain.

Technically having bitcoins means that you are listed on ledger book as having an amount of this currency.

Please provide any simpler explanations if you have any.

your post is answered for your subject. am i right?

Offline kyanscadiel

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Re: What is a Bitcoin.
« Reply #4 on: November 17, 2017, 11:54:56 AM »
Bitcoin is a digital currency, where you cannot only store on a digital wallet over the internet and you can only use with the help of the internet.

Offline Zain

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Re: What is a Bitcoin.
« Reply #5 on: November 26, 2017, 09:04:32 AM »
Bitcoin adlah mata uang digital yg telah terbukti
Mewujudkan smua mimpi" penggunanya..
Dan bitcoin bgitu sngat menjanjikan untuk masa depan..

Offline Cordillerabit

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Re: What is a Bitcoin.
« Reply #6 on: November 27, 2017, 06:34:51 PM »
bitcoin is the best of all cryptocurrency the highest in all virtual money  ;)

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Re: What is a Bitcoin.
« Reply #6 on: November 27, 2017, 06:34:51 PM »


Offline sidmlm

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Re: What is a Bitcoin.
« Reply #7 on: November 30, 2017, 06:51:51 PM »
It is the first decentralizedcrypto currency in this world.
Bitcoin was invented by an unknown person or group name Satoshi Nakamoto.

Offline Lauda

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Re: What is a Bitcoin.
« Reply #8 on: January 08, 2018, 04:57:42 AM »
bitcoin is virtual money like dollars, which we can turn into money

Offline arafatahmed

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Re: What is a Bitcoin.
« Reply #9 on: January 09, 2018, 05:59:41 AM »
Bitcoin is digital currency and it is our dream

Offline offizer

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Re: What is a Bitcoin.
« Reply #10 on: January 13, 2018, 10:11:06 AM »
Bitcoin is a digital currency and make u happy if u have so much bitcoin. :D

Offline boychicks3

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Re: What is a Bitcoin.
« Reply #11 on: January 13, 2018, 01:50:24 PM »
bitcoin is the future  ;D
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Offline Ubay82

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Re: What is a Bitcoin.
« Reply #12 on: February 15, 2018, 07:43:25 AM »
Bitcoin is a new technology we've never seen before, so a better way is to look at Bitcoin as a combination of different things that we know because Bitcoin makes it easy for you to move money, Bitcoin is a payment system, just like a bank transfer or credit card method, but Bitcoin is a little better.
Bitcoin resembles gold - this is why many people refer to Bitcoin as' digital gold 'or' Gold Bitcoin as gold that functions as money, but Bitcoin is very easy to transfer (transferable).
Bitcoin resembles the Internet because no one person or entity controls it, so anyone can use it as they wish. This is a very unique characteristic.

Offline sheerah

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Re: What is a Bitcoin.
« Reply #13 on: April 27, 2018, 02:44:58 PM »
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.

And it 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! ... The price of bitcoin skyrocketed into the thousands in 2017.

And Bitcoin work by a transaction that transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
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Offline Duavent21

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Re: What is a Bitcoin.
« Reply #14 on: April 28, 2018, 04:45:03 AM »
Bitcoin is a digital currency or also called crypto-currency as i know this is a simple way of payment of any online transaction. Bitcoins can be also traded for goods or services with vendors who accept Bitcoins as payment.

 

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