How does Bitcoin system work?steemCreated with Sketch.

in bitcoin •  7 years ago 

The basics: As a new user all you need is to create a Blockchain wallet Bitcoin Block Explorer - Blockchain to hold your BTC. Once you created an account you will be assigned with a unique Bitcoin address. You can disclose this to anyone to process payments.Things you should know before entering further:

A blockchain wallet

A BTC Address

BLOCK CHAIN WALLET:It is an online wallet where anyone can create an account for bitcoin transaction for free. Once you opened an account you will be given a unique BTC address to share with others. BTC address is just like your Bank account.

BTC ADDRESS:It is a 34 Alpha Numeric case-sensitive characters which have similar function as your bank account number.

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Nice Information about Btc...

cool info

Thanks

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Thanks for information bro

helpful to understand working of bitcoin system

Good info. Helpful. Keep it up.
Will love to read something helpful from u on how transactions, SBD on steemit, can be converted to bitcoins n be save in one's BTC online account wallet.

👍

good information