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Author Topic: What is Bitcoin?  (Read 996890 times)

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Offline bitcoinforum.comTopic starter

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What is Bitcoin?
« on: January 01, 2013, 03:45:04 PM »
What is Bitcoin?

Web definitions: A decentralised digital currency created in 2009; A client for the above currency.
(en.wiktionary.org/wiki/bitcoin)

« Last Edit: March 12, 2016, 03:30:42 PM by bitcoinforum.com »
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
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Offline blocktoken

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Re: What is Bitcoin?
« Reply #165 on: September 25, 2018, 04:19:11 AM »
Hey guys! You can visit our blog at https://medium.com/blocktoken to know more about bitcoin.

Offline JosefinaCrane

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Re: What is Bitcoin?
« Reply #166 on: September 27, 2018, 08:21:36 AM »
In very simple terminology Bitcoin is a form of digital currency. It is considered to be the first form of digital currency or cryptocurrency. Unlike our regular currency it is not issued or controlled by central authority such as banks or financial institutions. As per the information mentioned on the website Bitcoin.org Bitcoin means:- Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part.

Offline lynkarya

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Re: What is Bitcoin?
« Reply #167 on: October 02, 2018, 05:08:31 AM »
A longer article on bitcoin features https://ninja.org/blog/what-is-bitcoin/

Offline BitcoinXCash

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Re: What is Bitcoin?
« Reply #168 on: October 02, 2018, 09:52:41 AM »
VERY helpful topic!

Offline swminershop.com

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Re: What is Bitcoin?
« Reply #169 on: October 03, 2018, 12:26:19 PM »
very helpful

Offline airdropsbuzz

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Re: What is Bitcoin?
« Reply #170 on: October 08, 2018, 11:52:15 AM »
Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin is the talk of the town these days. This sent a negative signal to the world in relation to Bitcoin.

Offline bitpon

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Re: What is Bitcoin?
« Reply #171 on: October 25, 2018, 06:43:41 AM »
hello i am new member and i am still understanding what bitcoins are *sorry for bad english
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Offline AndrejWarhola

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Re: What is Bitcoin?
« Reply #172 on: October 26, 2018, 11:24:59 AM »
To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as "bitcoin."


The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren't printed, like dollars or euros – they're produced by computers all around the world, using free software.


It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.

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Re: What is Bitcoin?
« Reply #173 on: October 28, 2018, 05:33:06 PM »
Each Bitcoin is basically a computer file which is stored in a 'digital [/size]wallet[/color][/size]' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital [/color][/size]wallet[/color][/size], and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the [/color][/size]block chain[/color]

Offline shariarporosh

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Re: What is Bitcoin?
« Reply #174 on: October 29, 2018, 06:44:09 AM »
very informative post, thanks for sharing with us this valuable info, now I have got a clear concept about It.  I appreciate

Offline shariarporosh

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Re: What is Bitcoin?
« Reply #175 on: October 31, 2018, 09:30:53 AM »
Bitcoin become the reserve currency of the world
-- No clue, but I bet a bunch of people hopes so

Offline gogas2

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Re: What is Bitcoin?
« Reply #176 on: November 09, 2018, 05:29:57 PM »
Nice Video, Thanks for sharing
Invest In Cryptocurrency The Right Way http://bit.ly/next_exploding_coin

Offline UINP Global

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Re: What is Bitcoin?
« Reply #177 on: November 10, 2018, 08:06:37 AM »
As the world's first double-layer(transport layer & application layer) cross-chain protocol, UINP (Unitary Interchain Network Protocol) aims to eliminate the issue of isolated data islands in existing blockchain network nd realize the transmission of different types of data between different blockchain network.

Offline UINP Global

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Re: What is Bitcoin?
« Reply #178 on: November 10, 2018, 08:15:08 AM »
As the world's first double-layer(transport layer & application layer) cross-chain protocol, UINP (Unitary Interchain Network Protocol) aims to eliminate the issue of isolated data islands in existing blockchain network nd realize the transmission of different types of data between different blockchain network.

Offline coinologist

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Re: What is Bitcoin?
« Reply #179 on: November 13, 2018, 12:06:29 PM »
Great information, Thank you!


 

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