What is a Bitcoin.

[Cheenguboc5811]

Bitcoin is a worldwide/global and universal  digital currency (cryptocurrency) that uses a public ledger system (called blockchain) to record & verify all transactions. a useful way of moving money yourself to the next person across international borders with no middle man like banks, thus resulting to very low costs. It is completely decentralised meaning it is not controlled by any government, regulating body, individual company, or person nit rather transactions are kept across a distributed network of computers with no single point of failure or single centralised control.

[yusuf98]

What is Bitcoin?

Bitcoin is a digital asset developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This digital asset is like gold, but only available in the digital world. The concept may sound like eGold, although it is actually much different.

Bitcoin as a digital asset has the following features:

1.Instant transfer in peer to peer.
Peer-to-peer itself means Bitcoin runs without having a central server. The storage servers are decentralized and distributed-shared to the various servers run by each user connected to the network.

2.Transfer to anywhere
Unlike gold, Bitcoin can be sent anywhere in seconds, whenever and wherever you want. Shipping with Bitcoin can happen only with a smartphone's capital and internet connection.

3.The transaction is irreversible, meaning once transferred it can not be canceled.
Bitcoin is given to someone else's hand, the transaction can not be canceled unless the person is willing to send the Bitcoin back.

4.Bitcoin is not controlled by any agency or government.
Bitcoin using the Blockchain database is not controlled by a party, but is so open to the public that it is impossible for someone to forge transactions in Blockchain. All transactions are recorded live, transparent, and spread over millions of servers. Those who want to alter or falsify Bitcoin transaction data, must hack millions of servers at the same time.

so little do I know about Bitcoin.

[Ikkelins]

it is a digital currency (not physical cash) but can be used to make transactions over the internet. i hope this helps

[silentcrypto]

As I know bitcoin is a digital currency that helps the market to grow according to its value it is also a digital assets of every individual who join crypto.

[kogs05]

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.

Bitcoin is the first decentralized digital crypto currency technology that was invented on 2009 named satoshi nakamoto.This is used as a mode of payment.

[bxbxy]

Bitcoin is first digital currency or cryptocurrency that supports online payments or online transactions and not to.mention. Bitcoin is the best cryptocurrency in the history.

[mamerts]

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.

Bitcoin for me is a digital assets that you have if you want to invest you will get a higher profits it is also called blockchain.

[dominoes]

For me in a simple and funny idea that I guess thoughtful it is a coin.
Bitcoin is a coin but highly valued. It is the all time dream coin price ever in crypto life of coins.
One price of a coin can have an equivalent to house or car depends on house and car price.

[Jun]

For me Bitcoin is a form of virtual currency, created in 2009 by a mysterious person Satoshi Nakamoto as the world’s first crypto-currency.

[doting]

Bitcoin is a cryptocurrency that has all the fundamental fuction of a fiat money. Like fiat money it could be used to pay goods and services aside from the fact that it could also be used for trading.

[Jaguar]

It is the new form of effective business in the world of investors, businessman, and supporters. It is also the future of currency all over the globe.

[zlejgirl36]

Bitcoin is a new currency that was created an unknown person . 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...

[Mlhits1405]

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.

Bitcoin is changing life of most people.
Bitcoin is a way of innovating of our economic system.
Bitcoin is a digital asset.
Bitcoin is limited
Bitcoin is decentralized
Bitcoin is the first digital crypto currency.
Bitcoin is owned by satoshi nakamoto.

[Lezzkie22]

Bitcoin is a internet money that you can transfer or change into real money. By doing some investment and trading. Which allows you to perform a legit business online. And bitcoin is a coin that you can withdraw or change into realy life money.

[CryptoToxic]

Bitcoin is the mother of all Coins.