What is Bitcoin? - Bitcoin Tutorial

[ecoin-anakris]

Bitcoin is a digital currency, created and held electronically. Unlike any normal currency, Bitcoin is controlled by no one. Bitcoins are not printed, they are produced by people who run computers all over the world, using software that solves mathematical problems. You will learn some Basic Bitcoin Tutorial Here.

[raden22]

According to my simple understanding. Bitcoin like machines and humans are the operators. Both need. basically all related. between humans and bitcoin. there is a need to know that bitcoin without humans also has no meaning. but on the contrary humans without bitcoin, will stay alive with other business fields. so it's just a programming problem, because the technological advances from humans that are very sophisticated are trying to create one extraordinary thing, bitcoin. become more advanced than in previous years. and that's right if bitcoin is the vehicle and the person who runs it.

[CatureX69]

Bitcoin is a digital asset developed in 2009 by someone with a pseudonym Satoshi Nakamoto. This digital asset is like gold, but is only available in the digital world.
Instant transfer peer to peer.
Peer-to-peer itself means Bitcoin runs without having a central server. The storage server is decentralized and distributed — divided into various servers run by each user connected to the network.

[rudox]

A very good attempt in reviewing Bitcoin for the benefit of the newbie and veteran traders.  Put more effort in your work as the forum grows.

[damsix]

It's far behind if we continue to discuss the meaning of Bitcoin because there are so many people who give meaning to BItcoin.
Then, for now it's better to look for Bitcoin than to interpret the meaning of Bitcoin.

[RoyalGirl]

Bitcoin is a digital token with no physical backing that can be sent electronically from one user to another, anywhere in the world. A Bitcoin can be divided out to eight decimal places, so you can send someone 0.00000001 Bitcoins. This smallest fraction of a Bitcoin the penny of the Bitcoin world is referred to as a Satoshi, after the anonymous creator of Bitcoin. This all gets confusing, because Bitcoin is also the name of the payment network on which the Bitcoin digital tokens are stored and moved. Unlike traditional payment networks like Visa, the Bitcoin network is not run by a single company or person. The system is run by a decentralized network of computers around the world that keep track of all Bitcoin transactions, similar to the way Wikipedia is maintained by a decentralized network of writers and editors. The record of all Bitcoin transactions that these computers are constantly updating is known as the blockchain.

[andriyana]

It's far behind if we continue to discuss the meaning of Bitcoin because there are so many people who give meaning to BItcoin.
Then, for now it's better to look for Bitcoin than to interpret the meaning of Bitcoin.

I agree with you. we can start looking for and collecting bitcoin by walk time we will know what is bitcoin

[mojerjer]

Bitcoin is the best crypto coin to invest because this coin is so valuable and profitalble among all crypto coin now.This has been consistently the number one crypto coin and been gaining popularity more.

[Robiul789]

Bitcoin is an online virtual digital currency which is first invented in 15 July 2009 by team Satoshi nakamoto to improve bank interrupt.

[ladyv]

Bitcoin is a new cryptocurrency created in the year 2009 by Satoshi Nakamoto. Bitcoin can be used to make International Payment very easy.

[Tasha8]

Currently, Bitcoin is the most highly profitable, but at the same time very risky investment instrument. This cryptocurrency can bring both a big profit and a big loss. Her course to predict even in the short term is very difficult. This is what makes Bitcoin different from ordinary currencies.

[AvarS]

Bitcoin mining refers to the process through which new Bitcoins are created and given to computers helping to maintain the network. The computers involved in Bitcoin mining are in a sort of computational race to process new transactions coming onto the network

[RoyalGirl]

Bitcoin is a digital currency, created and held electronically. Unlike any normal currency, Bitcoin is controlled by no one. Bitcoins are not printed, they are produced by people who run computers all over the world, using software that solves mathematical problems.
Regarding its use, Bitcoin is no different from other currencies – you can use it to purchase products and services online, just like with any other currency. Only that, you can also easily transfer it from one side of the world to the other, in less than 10 minutes, and with fees that are insignificant comparing to today’s banks. Bitcoin is a limited coin, on its peak Bitcoin will hold only 21 million bitcoins. As US dollar consists of cents, each bitcoin consists of Satoshis. One bitcoin equals a million Satoshi (0.0000001 bitcoin = 1 Satoshi).

[TopaNN]

Bitcoin 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! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017

[GasX]

Released as an open-source software in 2009, Bitcoin is often credited as the world’s first cryptocurrency and is best defined as a digital currency that only exists electronically.
Bitcoin is decentralized, meaning it doesn’t have a central issuing authority or political institution that controls the amount of bitcoin in circulation. But the Bitcoin platform is far from anarchy.
The whole process is pretty simple and organized: Bitcoin holders are able to transfer bitcoins via a peer-to-peer network. These transfers are tracked on the “blockchain,” commonly referred to as a giant ledger. This ledger records every bitcoin transaction ever made. Each “block” in the blockchain is built up of a data structure based on encrypted Merkle Trees. This is particularly useful for detecting fraud or corrupted files. If a single file in a chain is corrupt or fraudulent, the blockchain prevents it from damaging the rest of the ledger.
Instead of relying on a government to print new currency, Bitcoin’s blockchain programming handles when bitcoins are made and how many are produced. It also keeps track of where bitcoins are and ensures the transactions are accurate.
There are currently about 17 million bitcoins in circulation. There isn’t a central regulatory agency or government controlling the supply of bitcoins, meaning the supply is controlled by design. The total supply to ever be created is capped at 21 million bitcoins.
This cap raises an argument that Bitcoin could have problems scaling. However, since Bitcoin is essentially infinitesimally divisible (meaning users can transfer as little as 0.00000001 bitcoins), this doesn’t really create a scaling issue. The magic number of 21 million is arbitrary.