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Author Topic: What is Bitcoin?  (Read 1001447 times)

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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 Skrill2015

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Re: What is Bitcoin?
« Reply #30 on: May 15, 2015, 04:58:16 PM »
thanks for sharintg

Offline robertdexter

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Re: What is Bitcoin?
« Reply #31 on: June 01, 2015, 06:17:13 AM »
Thanks for sharing this thread from this I came to know what Bitcoin is.

Offline smeagol

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Re: What is Bitcoin?
« Reply #32 on: July 15, 2015, 06:52:53 PM »
Bitcoin is the future
I say this because it is a miracle after internet
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Offline johnlocke445

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Re: What is Bitcoin?
« Reply #33 on: July 24, 2015, 05:45:59 PM »
I know this forum is dedicated to Bitcoin, however does anyone know if this new Bitgold can be held in on paper wallets in the same way that bitcoin can be held on paper for security. I called the Bitgold support and they had no idea what cold storage or paper wallets were to the digital currency world.

Offline bitstampclone

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Re: What is Bitcoin?
« Reply #34 on: January 21, 2016, 01:03:00 PM »
Bitcoins can be used for online transactions between individuals. It is a type of digital currency which is based on encryption techniques. This currency trading doesn’t depends upon any centralized authority.

Offline RoyalBtcGames

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Re: What is Bitcoin?
« Reply #35 on: February 24, 2016, 05:26:35 AM »
Thanks for the post
I never knew that.

Offline reethushree

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Re: What is Bitcoin?
« Reply #36 on: February 26, 2016, 07:34:47 AM »
  Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.The bitcoin network is designed to mathematically generate no more than 21 million Bitcoins and the network is set up to regulate itself to deal with inflation. Bitcoins can be spent by initiating a transfer request from a Bitcoin address in the customer's wallet to a Bitcoin address in the vendor's wallet.
 Bitcoins are created as a reward for payment processing work in which users offer their computing power to verify and record payments into a public ledger.


 

Offline nestingdoll

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Re: What is Bitcoin?
« Reply #37 on: February 29, 2016, 08:08:51 AM »
Awesome info thanks

Offline musicsavvy

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Re: What is Bitcoin?
« Reply #38 on: March 20, 2016, 04:02:14 AM »
bitcoin is simply the king of currency
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Offline mmodelivery

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Re: What is Bitcoin?
« Reply #39 on: April 25, 2016, 01:35:20 AM »
I am looking into the business of bitcoin!

Offline martin_john

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Re: What is Bitcoin?
« Reply #40 on: May 02, 2016, 07:57:51 AM »
I don't want to tell you what is Bitcoin. Just I want to tell you it's so important how you gonna get familiar with bitcoin.
The whole concept is a bit complex at the begging but keep going and try to read websites like techcoins.net and article about it to get more familiar with topic.

Offline GKE

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Re: What is Bitcoin?
« Reply #41 on: May 11, 2016, 07:32:30 AM »
BTC is digital currency and I am currently using it with my anx account~

Offline cinderalla_chen

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Re: What is Bitcoin?
« Reply #42 on: May 12, 2016, 05:59:35 AM »
It is  basically a digital currency, which would be traded.

Offline cinderalla_chen

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Re: What is Bitcoin?
« Reply #43 on: May 12, 2016, 06:06:12 AM »
if you're interested. I suggest you to check out this year's Cloud Asia Expo for the lastest development.

Offline Beth04

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Re: What is Bitcoin?
« Reply #44 on: May 17, 2016, 12:53:34 PM »
Bitcoin works via something called the blockchain. Every time you do a transaction, it gets included in a block (which is all the recent transactions bundled together) and every 10 minutes or so, that new block gets accepted into the stack of blocks called the blockchain. So that's how it works every 10 minutes the whole network breathes, and updates network wide with the new block of transactions. Mining serves the purpose of verifiying these new blocks.

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« Last Edit: May 17, 2016, 01:42:44 PM by Beth04 »


 

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