Understanding Bitcoin: A Comprehensive Q&A Guide is a post originally published on: Everything Finance - Everything Finance - Its all about Money!
Q1: What is Bitcoin? A1: Bitcoin is a digital currency, often referred to as a cryptocurrency. It was created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. Unlike traditional currencies issued by governments (like the US dollar or the Euro), Bitcoin operates on a decentralized network using blockchain technology. This means there is no central authority or middleman, such as a bank, involved in the transactions. Q2: How does Bitcoin work? A2: Bitcoin transactions are recorded on a public ledger known as the blockchain. When someone sends Bitcoin to another person, the transaction
Understanding Bitcoin: A Comprehensive Q&A Guide is a post originally published on: Everything Finance - Everything Finance - Its all about Money!
