What is Bitcoin?
Bitcoin is a type of digital currency that you can use to buy things online, or you can trade it for regular money. It’s different from regular money because it’s not controlled by a government or a bank. Instead, it’s run by a network of computers all over the world that work together to make sure everything is fair and accurate.
When someone wants to send some bitcoin to someone else, they broadcast a message to the network with the details of the transaction, like how much bitcoin is being sent and who it’s being sent to. The computers in the network then work together to make sure that the person sending the bitcoin actually has it and that it’s not being spent twice.
January 22, 2023 4 view(s)