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Author Topic: What was bitcoin and how to work?  (Read 264 times)

hiramehar

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  • What was bitcoin and how to work?
    « on: August 30, 2018, 06:19:58 PM »
    Hy!!!
    I still new in the world bitcoi.
    What can explain what it was bitcoin.
    dan how it worked bitcoin or what worth bitcoin.

    ComeBack

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    Re: What was bitcoin and how to work?
    « Reply #1 on: August 31, 2018, 02:13:09 AM »
    Hey! Welcome to the Bitcoin Industry buddy, I don't really have enough knowledges what bitcoin too even I'm here for years but bitcoin is worth more than other fiat currency someday.
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    ShitcoinStorm

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    Re: What was bitcoin and how to work?
    « Reply #2 on: September 28, 2018, 02:41:25 AM »
    Hy!!!
    I still new in the world bitcoi.
    What can explain what it was bitcoin.
    dan how it worked bitcoin or what worth bitcoin.

    Bitcoin is  a new technology, well not entirely new, but it help u to solve a transaction between two parties cheaply and faster and can not be manipulate by the authority. Bitcoin is one of electronic money. You can read alot here for the beginning: https://cryptobriefing.com/what-is-bitcoin-digital-cash/


    Crypto-Geek

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    Re: What was bitcoin and how to work?
    « Reply #4 on: September 28, 2018, 08:44:52 AM »
    Before you look at BTC, you should understand the difference between Cryptocurrency and Blockchain.

    Quote
    Cryptocurrency is an untraceable, anonymous and unregulated currency which one could easily use for illegal transactions. What blockchain brings to cryptocurrency is provide it a way to make sure the transactions can be traced and recorded. This would allow transactions to be transparent on both ends; the sender/seller, and buyer/receiver.


    Blockchain is the backbone to cryptocurrency.

    What you can consider is blockchain is the housing structure or the house and cryptocurrency is the wall or furniture.

    Once you understand that, you can start looking at BTC. BTC is a type of cryptocurrency which grew in popularity and has the highest value out of the cryptocurrencies on the market as of current.
    « Last Edit: September 28, 2018, 08:48:31 AM by Crypto-Geek »

    Msworld83

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    Re: What was bitcoin and how to work?
    « Reply #5 on: September 28, 2018, 02:24:07 PM »
    Bitcoin is a cryptocurrency that is running or created by programming code and run through blockchain technology for keeping it daily basic transaction for future reference and adequate result ,
    It has a max supply and is generated by miners who work to lock every single transaction in to blockchain ledger and prevent it to be double spent , and adequate fillings .
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