what is bitcoin simple explanation?

Last Updated on April 14, 2023 by Paganoto

What Is Bitcoin? How Does It Work? – Forbes Advisor

What Is Bitcoin? How Does It Work? – Forbes Advisor

Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”Jun 8, 2022

Bitcoin explained: Here's everything you need to know – CNET

Bitcoin explained: Here's everything you need to know – CNET

Simply put, bitcoin is a digital currency. No bills to print or coins to mint. It’s decentralized — there’s no government, institution (like a …

Bitcoin Explained Simply | Everything You Need To Know

Bitcoin Explained Simply | Everything You Need To Know

What is bitcoin in simple terms? Basically, bitcoin is a digital currency that has been created without the intervention of a central bank. While the Federal …

Guide: What is Bitcoin and how does it work? – BBC

Guide: What is Bitcoin and how does it work? – BBC

Bitcoin, often described as a cryptocurrency, a virtual currency or a digital currency – is a type of money that is completely virtual. It’s like an online …

How Does Bitcoin Work? Here's a Simple Explanation

How Does Bitcoin Work? Here's a Simple Explanation

I simplified quite a bit … But that system I explained exists. It’s called the Bitcoin protocol. And those digital apples are the bitcoins …

What is Bitcoin? A Simple Explanation for Kids and Beginners

What is Bitcoin? A Simple Explanation for Kids and Beginners

Created in January 2009, Bitcoin is now the most popular digital currency – or cryptocurrency – in the world. It has no physical presence – there are no Bitcoin …

Bitcoin (BTC) Definition – Investopedia

Bitcoin (BTC) Definition – Investopedia

Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, …

Cryptocurrency Definition – Investopedia

Cryptocurrency Definition – Investopedia

A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend.

What is bitcoin and how does it work? – New Scientist

What is bitcoin and how does it work? – New Scientist

Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer …