The ultimate Bitcoin guide made for you

Bitcoin price

Bitcoin … do not you stop listening to it everywhere, but you still do not understand what Bitcoin is? Do not worry; you’re in the right place! Bitcoin, in essence, is money, it’s a new kind of digital money. Digital money that allows payments to be made safely, cheaply, quickly and freely around the entire planet. Click here for Bitcoin price.

To put us in situation

-Bitcoin is a protocol, a payment network, and a currency

-Originally proposed as a concept in 2008, but was launched in January 2009 by Satoshi Nakamoto

-By the end of 2016, it has more than 10 million users and more than 100,000 shops around the world accept it as a means of payment.

-Currently, every month, more than one million new users reach Bitcoin

-The Bitcoin network is the safest network in the world, and by the end of 2016 it was already processing more than 300,000 daily transactions. Visit this site for lotto online

What makes Bitcoin special is not that it is a digital currency. The euro, dollar or other currencies are also, largely digital, and it is digital money that has existed for decades. Almost all the money that exists is digital. Neither does it make it special to have reduced transaction costs, or to make quick transactions.

Your bitcoins are not files; there is not something specific that refers to a bitcoin. The approach is different. Bitcoin is the unit of account of the balances managed by the blockchain. What each user has is a key (a password) that manages an address (or account number) in the blockchain.

Bitcoin price

Bitcoin

Refers to the transaction network; it can be used for applications of all kinds; in transactions, bitcoins are sent; all transactions are stored pseudonymously in an account book called blockchain.

bitcoin

 (BTC) Bitcoin network account unit; there will never be more than 21 million and they will be created during the next 100 years; each bitcoin is divisible by 100 million units; Its price fluctuates due to supply and demand.

Blockchain

Public and distributed account book where all bitcoin transactions (and their balances) are stored permanently. Thanks to “mining”, blockchain is known as the safest and most truthful database that exists.

Mining

The process by which transactions of the Bitcoin network are verified; for this purpose, advanced cryptography, and specialized hardware (“miners”) techniques are used: a fixed amount of bitcoins are created (“mined”) during the process (See What is mining bitcoins ).