What is Bitcoin?


#1

What is Bitcoin?can you explain basics of Bitcoin?


#2

Bitcoin (BTC) is a digital currency, which is used and distributed electronically.

Bitcoin is a decentralised peer-to-peer network. No single institution or person controls it.

Bitcoins can’t be printed and their amount is very limited – only 21 mln Bitcoins can ever be created.


#3

The best currency and store of value ever created.


#4

I think what you need to look into more is what is crypto currency. Bitcoin is a sort of crypto currency, are you looking to learn about crypto current or Bitcoin in general?


#5

Bitcoin fairly put is a decentralized currency. You can buy some from an exchange in exchange for USD as there is a specific exchange rate which fluctuates just like normal currency.


#6

At first, I was really confused with bitcoins but it’s as simple as our normal currency. The difference is that its is digital but can be use for shopping and paying too.