What is Bitcoin?

in bitcoin •  7 years ago 

What is Bitcoin?

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Bitcoin is a kind of currency or currency. The currency of our country, such as a currency, a dollar such as a currency, a currency of bitcoin too much. However, bitcoin is commonly called cryptococoncy and sometimes cryptokane. Now what is the difference between bitcoin or cryptoconcenny with our country's money or USD? The fact is that there is no physical existence of Bitcoin, it is not made of paper or any type of metal.You can not touch it by hand, but you can see the amount of the computer or mobile screen. That is, it is a complete digital currency, it is just a currency based on the Internet and computer.

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In October 2008, a person published Satoshi Nakamoto pseudonym on the results of a study using the Internet. The title of the research was "Bitcoin: A Peer-to-Peer Electronic Cash System". In this study, he gave an idea of ​​how to deal with any bank or financial institution without any help.This method explains that pair-to-pair means sending money directly from one user to another. So there is no specific government, bank or authority to control Bitcoin.

Bitcoin transfers:

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Now the question is how can this currency be transmitted? See the biggest problem but it happens here. And this thing is a little difficult to understand. Let's try to understand the matter easily.Think you went to a park for morning walks. Going there, Apple is looking for Apple to sell and you want to buy an Apple. Now you gave him money and bought an Apple in return. Now that you have got Apple in your hand, but you do not have to worry.You can see that Apple is physically able and touched by hands. So you do not need any other person to check it. This app will be completely yours and you can also give it to Kauka. You can give this apple to your friend, your friend can give it to another, and thus this order can be maintained.But friends now think about a digital apple-which is not stored in your pocket but rather is stored on your computer or any computing device. How do you know that this apple is yours? How do you make sure that it has not sent your friend? Has not fun started? Since it is in digital format, it is possible to make thousands copies. It is possible to send Kauk by mail. It is also possible to download millions of downloads on the internet.

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Nice bitcoin post.thank you for your information.

thank you

Saludos es un placer ver personas nuevas por aquí, éxitos te desea @ydavgonzalez.

thank you.