Bitcoin Forum

Other => Beginners & Help => Topic started by: bachanhlac on February 23, 2018, 04:36:54 PM



Title: What is Bitcoin
Post by: bachanhlac on February 23, 2018, 04:36:54 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?


Title: Re: What is Bitcoin
Post by: NA boom on February 23, 2018, 05:29:59 PM
Bitcoin is a currency Which is a type of electronic service. Bitcoin is a form that is done online through computers or laptops and is converted into real sense from digital money. Bitcoin is also known as a virtual money.


Title: Re: What is Bitcoin
Post by: Hssn on February 23, 2018, 05:38:54 PM
You can find all information just google it or watch youtube


Title: Re: What is Bitcoin
Post by: Stopman on February 23, 2018, 05:52:36 PM
The first crypto currency and the best coin to invest! :-*


Title: Re: What is Bitcoin
Post by: Somratbd on February 23, 2018, 06:24:45 PM
Bitcoin is a digital cryptocurrency. Bitcoin is a very popular currency online, people invest here and invest in it. If this currency were to be used in all countries, then the demand would have been more


Title: Re: What is Bitcoin
Post by: bachanhlac on February 24, 2018, 06:22:15 AM
You can find all information just google it or watch youtube

Thank you. But many thing i don't know. How to make Bitcoin? We can earn BTC by use computer, but i dont know how to make it? We earn BTC when we find a nonce, right?


Title: Re: What is Bitcoin
Post by: AwpDragonPoor on February 24, 2018, 06:57:45 AM
You can find about it if you do a bit of research on Google, but here I go. I won't go into the specifics of Bitcoin because that will take too long, so i'm just going to skim over it. In a nutshell, Bitcoin is digital currency that uses blockchain technology as a ways of payment online. This is also called a cryptocurrency. Bitcoin is a decentralised exchange where no single person or power controls the currency. In bitcoin, there are the devs, which work together to implement updates to improve Bitcoin, the users, which hold Bitcoin and the miners which lend out part of their CPU in order to process transactions. Compare this with banks and the government, which can generate any amount of it's national currency at any time, and you can see why having a currency that no one controls is so innovative and exceptional. Bitcoin also uses blockchain technology, which is a digitised ledger made up of individual blocks. These blocks contain data of all the transactions that are processed by the miners and are uploaded onto the blockchain. On the blockchain, everyone and anyone can see every single transaction that has been made, making Bitcoin a very transparent currency compared to fiat. If you want to a more in depth and technical explanation of Bitcoin, try this youtube video

https://www.youtube.com/watch?v=Lx9zgZCMqXE

Have fun!


Title: Re: What is Bitcoin
Post by: i4u.orpita on February 24, 2018, 07:04:20 AM
Can i tell me some thing about bitcoin and blockchain?
Bitcoin is digital currency, It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly.
Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.


Title: Re: What is Bitcoin
Post by: Rasel5209 on February 24, 2018, 07:28:08 AM
Bitcoin is the best croyptcurrency in the world. Bitcoin is very popular to people. Bitcoin is the  first crypto currency and the best coin to invest.


Title: Re: What is Bitcoin
Post by: jaaeeeyyyy on February 24, 2018, 07:32:39 AM
Bitcoin is a cryptocurrency running on blockchain technology, no need to elaborate just search on google any information the internet has it.


Title: Re: What is Bitcoin
Post by: Etherbot101 on February 24, 2018, 07:48:32 AM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
You can go to the link below and study it just in case you can find out more





https://bitcoin.org/en/

https://bitcointalk.org/index.php?board=77.0


Title: Re: What is Bitcoin
Post by: paksinasad on February 24, 2018, 07:51:22 AM
According to it's definition, Bitcoin is a first decentralized digital currency that is a cryptocurrency used for worldwide payments and it's concept is peer to peer transactions take place between users directly without intermediary. It is the only cryptourrency with a very high value that had reached for almost 20K USD in the last quarter of 2017.


Title: Re: What is Bitcoin
Post by: jonruhoax on February 24, 2018, 07:52:25 AM


Well, this will be very important for you if you are more interested in Crypto, so you should spend much time and read in this forum. there is a lot of discussion material that will add insight and knowledge about bitcoin. so try to read it


Title: Re: What is Bitcoin
Post by: RheaLity on February 24, 2018, 08:05:58 AM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
the topic that was repeatedly seen in this forum, what is bitcoin? What is blockchain?  I advice to you it's better to used Google read and research. Try to read more, there are many threads you can read and I'm sure you will get a lot of information.


Title: Re: What is Bitcoin
Post by: Astermony on February 24, 2018, 08:10:59 AM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Theres a lot of information coming from social media like you tube who have many good reports about bitcoin and not blockchai as what topics all about.Bitcoin was really interesting not only from my country but all over the world.This is the reason that we significant enough to facillitate the bitcoin value price and on how we grows  ecause of bitcoin.


Title: Re: What is Bitcoin
Post by: Jessica2009 on February 24, 2018, 08:15:07 AM
    Bitcoin is a talk now a days Japan legally accepts Bitcoin .Japan is even giving payments in Bitcoin It is a digital decentralized cryptocurrency  which was introduced by an unknown person or company named by Satoshi Nakamoto by the year 2009. There is no need of any central authorities to transact the money to purchase goods and services from all over the earth with low fees only  it is an online currency. Bitcoin is traded with one person to another persons wallet .


Title: Re: What is Bitcoin
Post by: Blackrain13 on February 24, 2018, 08:16:38 AM
     This is a question asked repeatedly. I think you should do research here in forum,in google ,in bitcoins book so that you do not need to ask this questions. And always keep on reading here in forum for you to learn more and have knowledge about everything here and learn more about crypto world as well.


Title: Re: What is Bitcoin
Post by: Rueduciel on February 24, 2018, 08:18:24 AM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
the topic that was repeatedly seen in this forum, what is bitcoin? What is blockchain?  I advice to you it's better to used Google read and research. Try to read more, there are many threads you can read and I'm sure you will get a lot of information.

I agree with you, this question are repeatedly seen in forum.
If you want to know on what is bitcoin or a blockchain you should do a research, spend more time and effort.


Title: Re: What is Bitcoin
Post by: 9emb3lelit3 on February 24, 2018, 08:26:35 AM
bitcoin is the virtual currency or digital currency. a lot of lessons we can get from this bitcoin, and from this bitcoin also a lot of work that we can get, and savings for our future, family, and also our future successor later.


Title: Re: What is Bitcoin
Post by: Ghayoor on February 24, 2018, 08:31:02 AM
Bitcoin is a currency Which is a type of electronic service. Bitcoin is a form that is done online through computers or laptops and is converted into real sense from digital money. Bitcoin is also known as a virtual money.
i agree with you there is no doubt that bitcoin is a digital currency and it work same like other currency and i believe it's much better than cash or any other currency because bitcoin price is very high then any other currency and its now available in many countries and it also provide a lot of opportunities.


Title: Re: What is Bitcoin
Post by: sfr2017 on February 24, 2018, 08:31:51 AM
Bitcoin is the first cryptocurrency launched in worldwide payment system.
Blockchain is a public ledger that records and distribute  a crptocurrency  transactions.
Blockchain wallet used to receive and send do transactions  anonymous.


Title: Re: What is Bitcoin
Post by: cozytrade on February 24, 2018, 09:49:15 AM
Bitcoin is a digital crypto currency. Bitcoin is uses for many transactions . Many investor invest on bitcoin because it really helps to earn more and save more from the future. Thanks to this forum for the bewbie so they can really recognize what is bitcoin is. Bitcoin can help you to pay for your daily expenses since its a good investment you can start your future its just a peace of mind because you have an investment to your future


Title: Re: What is Bitcoin
Post by: bachanhlac on February 24, 2018, 09:56:36 AM
Can i tell me some thing about bitcoin and blockchain?
Bitcoin is digital currency, It is the first decentralized digital currency. Its conception is peer-to-peer and transactions take place between users directly.
Blockchain is a digital ledger in which transactions made in bitcoin or another cryptocurrency are recorded chronologically and publicly.
Thank, bros. I read block0 of Bitcoin and some thing i dont know: https://blockchain.info/block/000000000019d6689c085ae165831e934ff763ae46a2a6c172b3f1b60a8ce26f

First: Blocktime: is a time to find a NONCE, right. So after 10 min, the block is close, a new block is build, nonce has found? When ever block close less than 10  min?

2. How to find a nonce? I know many nonce is satisfy for 1 block. So Who find a nonce to get a reward? A first that find a nonce?

3. How to "make a BTC". The block 0 has found. Then Block 1, block 2...block n. what is be wroted on the block? Transaction, right?

Thank you for reading. and "fall heart" ^^


Title: Re: What is Bitcoin
Post by: kyle999 on February 24, 2018, 09:57:25 AM
Most of the forums members do not explain bitcoin too much but just search bitcoin on google and you can read it to learn it.


Title: Re: What is Bitcoin
Post by: bachanhlac on February 24, 2018, 10:06:27 AM
We can discuss about BTC and blockchain by "read blockchain", right. Some body can help me a fundamental principle of BTC or blockchain?
Help me to explain some thing of blockchain. Thank you so muchh
https://uphinhnhanh.com/images/2018/02/24/block0.png (https://uphinhnhanh.com/images/2018/02/24/block0.png)


Title: Re: What is Bitcoin
Post by: paa1991 on February 24, 2018, 01:07:13 PM
bitcoin is a Father of crypto currencies.  :)


Title: Re: What is Bitcoin
Post by: pxo.011 on February 24, 2018, 01:10:46 PM
bitcoin is a crypto currencies created by mr. satoshi, bitcoin is the main and highest value in crypto world that you need to trade to by ethereum and other token just like investing , trading knowledge is a must if you dont know how to trade then you will lost all of your holdings so proper research can do.


Title: Re: What is Bitcoin
Post by: crafted on February 25, 2018, 05:04:09 AM
Bitcoin is a digital cryptocurrency & virtual currency. This is a popular currency in the present world. It was discovered in Satoshi Nakamoto in 2009. Bitcoin is a place that is easy to exchange in other places. We can use it as a currency. It is not regulated by the government. It is regulated by person. There is a lot of people getting employment through bitcoin. Income increases in per capita income. Bitcoin can easily make many profits. In future this bitcoin will gain much more.


Title: Re: What is Bitcoin
Post by: bachanhlac on February 25, 2018, 06:10:12 AM
Bitcoin is a digital crytocurrency & virtual currency. This is a popular currency in the present world. It was discovered in Satoshi Nakamoto in 2009. Bitcoin is a place that is easy to exchange in other places. We can use it as a currency. It is not regulated by the government. It is regulated by person. There is a lot of people getting employment through bitcoin. Income increases in per capita income. Bitcoin can easily make many profits. In future this bitcoin will gain much more.
Thank you, bro
I use GG to search some thing about Bitcoin. Bitcoin is a Crypto, digital currency. They taught it a less or no fee when we use bitcoin as a money to make transaction. But the real is not. This Fee when we send BTC to another or make transaction is very expensive. When we send about 200$, the fee is 5$ or more? What is the truth?


Title: Re: What is Bitcoin
Post by: bachanhlac on February 25, 2018, 10:44:05 AM
bitcoin is a crypto currencies created by mr. satoshi, bitcoin is the main and highest value in crypto world that you need to trade to by ethereum and other token just like investing , trading knowledge is a must if you dont know how to trade then you will lost all of your holdings so proper research can do.
Dear Bro

I find some information about a number of bitcoin that Mr Satoshi is have? Does it effect to BTC blockchain?


Title: Re: What is Bitcoin
Post by: bachanhlac on February 25, 2018, 05:00:05 PM
Dear Bro,
can you speak English, i dont know what you speak. Thank you


Title: Re: What is Bitcoin
Post by: cloudxander on February 25, 2018, 05:08:30 PM
i think it is the father of all cryptocoins...if the btc fall some of the coins also fall.


Title: Re: What is Bitcoin
Post by: hridoyb on February 25, 2018, 05:55:11 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is most powerfull and valuable coin on crypto market.It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency.you can find full details about bitcoin and blockchain on google or wikipedia first try to this , https://en.wikipedia.org/wiki/Blockchain .


Title: Re: What is Bitcoin
Post by: bachanhlac on February 25, 2018, 06:54:19 PM
You can find about it if you do a bit of research on Google, but here I go. I won't go into the specifics of Bitcoin because that will take too long, so i'm just going to skim over it. In a nutshell, Bitcoin is digital currency that uses blockchain technology as a ways of payment online. This is also called a cryptocurrency. Bitcoin is a decentralised exchange where no single person or power controls the currency. In bitcoin, there are the devs, which work together to implement updates to improve Bitcoin, the users, which hold Bitcoin and the miners which lend out part of their CPU in order to process transactions. Compare this with banks and the government, which can generate any amount of it's national currency at any time, and you can see why having a currency that no one controls is so innovative and exceptional. Bitcoin also uses blockchain technology, which is a digitised ledger made up of individual blocks. These blocks contain data of all the transactions that are processed by the miners and are uploaded onto the blockchain. On the blockchain, everyone and anyone can see every single transaction that has been made, making Bitcoin a very transparent currency compared to fiat. If you want to a more in depth and technical explanation of Bitcoin, try this youtube video

https://www.youtube.com/watch?v=Lx9zgZCMqXE

Have fun!

Thank you so much about this information that you supply. I'll watch it carefully


Title: Re: What is Bitcoin
Post by: jiniyaakter on February 25, 2018, 08:16:04 PM
The first cryptocurrency in the world


Title: Re: What is Bitcoin
Post by: A Confused Shoe on February 25, 2018, 11:21:39 PM
You know, the OP's question is definitely something I struggled with at first as well (and still do at times). Rather than echo what has already been stated by others, the way I look at BTC is that it is a human made phenomenon that has value because WE (as humans) give it value. The more BTC (or other cryptocurrencies for that matter) is bought into and used by society (aka believers in BTC), the more "value" it has. Kind of like the ultimate social currency. So the more you recruit friends, family, strangers into buying into the concept of BTC, the more BTC will be worth.

Fiat currencies may be slightly different, but still operate under the same idea (gold has value because we as humans give it a certain amount of value and people have bought into that concept).

Please feel to critique my thinking, always open to suggestions!


Title: Re: What is Bitcoin
Post by: Geljames28 on March 16, 2018, 03:10:58 PM
You can find the answers of your questions by searching in google. Try also this one, it may help you to learn more about bitcoin or how it works, just click here: https://bitcoin.org/en/faq


Title: Re: What is Bitcoin
Post by: Hvanphuong.89 on March 16, 2018, 03:26:00 PM
Google, please!


Title: Re: What is Bitcoin
Post by: francois-cooper on March 16, 2018, 08:58:45 PM
No bills, no coins  ;D
It's decentralized, that means there is no bank, no government, no institution that controls it.
Bitcoin connects buyers and sellers anonymously  8)




Title: Re: What is Bitcoin
Post by: Darerando on March 16, 2018, 09:49:41 PM
Unlike fiat currency, bitcoin is a digital currency that uses blockchain technology for transactions. with the  potential of becoming something great in value.


Title: Re: What is Bitcoin
Post by: owenzy on March 16, 2018, 10:37:01 PM
bitcoin is a cryptocurrency and worldwide payment system
 and also the first decentralized digital currency.


Title: Re: What is Bitcoin
Post by: Btcepoy11 on March 17, 2018, 12:56:06 AM
There's a lot of definition about bitcoin, just it is! asking about bitcoin. We can do our own research about bitcoin, and what is really we want why we are use bitcoin. Bitcoin for me is an investment, it is a new form of money a digital money. Bitcoin is a new kind of payment method, it is decentralized.


Title: Re: What is Bitcoin
Post by: fanBit101 on March 17, 2018, 03:28:52 AM
Bitcoin is a digital technology platform with special algorithms and tissue grids. is a solution for providing and distributing quick and secure worldwide transactions at a lower cost than fiat transfers at banks.


Title: Re: What is Bitcoin
Post by: Get_Rich on March 17, 2018, 01:34:19 PM
Bitcoin is a forum where bitcoiners discuss and exchange their thoughts. And the bitcoiners will try to earn money from this bitcoin, thanks you very much


Title: Re: What is Bitcoin
Post by: shibisu on March 25, 2018, 04:03:48 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is one cryptocurrency which is basically a digital currency.
This currency of form and storage is digital.
Bitcoin can be used to purchase various services such as games up to website hosting. for now, the number of services receiving Bitcoin is still quite limited.


Title: Re: What is Bitcoin
Post by: Masterchup0l on March 25, 2018, 04:16:07 PM
Bitcoin, it is the new digital crypto currency worldwide that works without centralized bank or administration. Where blockchain is technology that maintain the transaction details are stored in the ledger to keep in safe the bitcoin.


Title: Re: What is Bitcoin
Post by: welliamy on March 30, 2018, 09:02:37 AM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?


Bitcoin is the best and first and only smart currency.
Bitcoin is the beginning of something great
Bitcoin is mostly about anonymous transactions
Bitcoin is amazingly transformative and its a first time in entire history
In the world in which any body can send or receive.


Title: Re: What is Bitcoin
Post by: yerger on March 30, 2018, 10:44:19 AM
bitcoin is a first and the bigest digital currency in the world wide right now. You dont need real wallet to store it but you just need digital wallet like Blockchain. Everything you wanna know just googling bro...


Title: Re: What is Bitcoin
Post by: twosevenonesix on March 30, 2018, 10:46:50 AM
bitcoin is a first and the bigest digital currency in the world wide right now. You dont need real wallet to store it but you just need digital wallet like Blockchain. Everything you wanna know just googling bro...
I thought that Blockchain is technology, not a wallet


Title: Re: What is Bitcoin
Post by: Zulfiyan on March 30, 2018, 12:02:06 PM
Bitcoin is The cryptocurrency, and the future money. Bitcoin now was down and i hope the next time can up again back to $15000+,,, bitcoin also digital money without citizenship. And blockchain was technology for connected people to other people


Title: Re: What is Bitcoin
Post by: Get_Rich on March 31, 2018, 05:13:59 PM
Bitcoin is a digital currency created in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency.


Title: Re: What is Bitcoin
Post by: coinnumber on April 02, 2018, 11:13:57 AM
Bitcoin is the highest cryptocurrency and it was created in 2009. Since the existence of Bitcoin 2017 has be the best year so far as it clock $20k. This coin was found by Satoshi Nakamoto and is accepted by many countries.


Title: Re: What is Bitcoin
Post by: aliceayag on April 02, 2018, 11:17:06 AM
Bitcoin is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator.Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.


Title: Re: What is Bitcoin
Post by: perfryan on April 02, 2018, 12:10:42 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?








Bitcoin is have greater extensibility and programmability.bitcoin can evolve to enable transformations in how all forms
Bitcoin is amazing because its the first time in the entire history of the world that makes anybody can now send and receive
Any amount of money.without having permission from bank or to government
Bitcoin is about anonymous transactions.


Title: Re: What is Bitcoin
Post by: Cointertrade on April 03, 2018, 07:23:04 AM
You can find all information just google it or watch youtube
for me bitcoin is my way on earning money and you can also get some big profit on it so it is one of opportunity for those unemployed people its up to them if they really want to grab it or not so bitcoin is a cryptocurrency that you can really earn and get a profit. it is one way of gaining.


Title: Re: What is Bitcoin
Post by: ICO Enthusiast on April 03, 2018, 07:52:48 AM
Bitcoin is a cryptocurrency. It is a type of digital currency works without any administrator. The Bitcoin transaction takes place between users through a blockchain network. All the transaction done in Bitcoins are verified by the Cryptography.


Title: Re: What is Bitcoin
Post by: Zackmatthew on April 03, 2018, 02:00:58 PM
BITCOIN is a new currency that was created in 2009 by unknown person. It is the first decentralized digital currency, as the system works without a central bank or single administrator.


Title: Re: What is Bitcoin
Post by: vikulya3582 on April 03, 2018, 02:04:51 PM
Биткoйн - цифpoвaя вaлютa, этo пepвaя дeцeнтpaлизoвaннaя цифpoвaя вaлютa. Eгo кoнцeпция являeтcя oднopaнгoвoй и тpaнзaкции пpoиcxoдят мeждy пoльзoвaтeлями нaпpямyю.
Blockchain - этo цифpoвoй peгиcтp, в кoтopoм тpaнзaкции, выпoлнeнныe в биткoйнe или дpyгoй кpиптoвaлютнocти, зaпиcывaютcя xpoнoлoгичecки и пyбличнo.


Title: Re: What is Bitcoin
Post by: MintDiceSupport on April 03, 2018, 05:40:36 PM
Bitcoin is best described as a virtual currency. There are no physical cash forms, coins, or tokens, they exist electronically based on an open-source software.
The Bitcoin network is decentralized in that no central authority controls the amount of bitcoin in circulation. Bitcoin doesn’t need a banking system or government for bitcoin tokens to be created, exchanged, or stored, and is not involved in traditional exchange rates. Instead, Bitcoin leverages a peer-to-peer network commonly referred to as the ‘blockchain.’

We expand on this more in our blog post, so check it out  :)

Bit.ly/Bitcoin101Guide

Hope this helps!


Title: Re: What is Bitcoin
Post by: inggithdp on April 03, 2018, 08:49:45 PM
Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most common currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spreads to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be done more from one time.

if you want to know more clearly, you can search on
google / youtube, here a lot of information about bitcoin more complete


Title: Re: What is Bitcoin
Post by: piqulhdt28 on April 04, 2018, 03:56:12 PM
Bitcoin itself is essentially a cryptocurrency or a virtual currency that runs on blockchain technology. With its rising value, bitcoin is transformed into one of the most hunted digital assets.

Blockchain - the technology used to verify and record transactions located in the heart of Bitcoin - is seen as having the potential to reshape the global financial system and possibly other industries.

if you want to know more information you can search in google and other mass media.


Title: Re: What is Bitcoin
Post by: keyscore44 on April 04, 2018, 04:06:31 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Ohh those are really basic question and i could give you advise to study about those words for yourself cause thanks to that you will be able to understand not only meaning but how those things are working.


Title: Re: What is Bitcoin
Post by: khamehame on April 05, 2018, 03:45:43 AM
Can I tell me something about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is one of the best digital currencies (cryptocurrency) that has the best value compared to other altcoins. Many people are investing in bitcoin because of its greater profits. While blockchain is a digital book that records transactions that occur during a certain time and a certain size on cryptocurrency.


Title: Re: What is Bitcoin
Post by: mustafizur8400 on April 05, 2018, 04:46:38 AM
Bitcoin is the first digital currency and till today all other crypto currencies are exchanged and operated based on this Bitcoin. The idea of crypto currency came to the reality just with the help of Bitcoin. So far this is the most valuable crypto currency. ok


Title: Re: What is Bitcoin
Post by: usama98 on April 05, 2018, 05:21:49 AM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin is a digital form of money which can be only used online, and Bitcoin is the best value of currency when it is compared to other alternative coins.


Title: Re: What is Bitcoin
Post by: arumiedes on April 05, 2018, 05:41:06 AM
Can I tell me something about bitcoin and blockchain?

What is block time, block size and how effected of it to blockchain?
Bitcoin is a digital currency and is one of the most valuable crypto coin of any coin at the moment.
The link between blocktime and blocksize in blockchain is blockchain is a useful data structure for storing bitcoin financial transactions in a ledger then distributed on bitcoin networks based on time and size.


Title: Re: What is Bitcoin
Post by: chaowb on April 05, 2018, 01:00:50 PM
 :D


Title: Re: What is Bitcoin
Post by: stripewhite on April 05, 2018, 01:02:37 PM
Bitcoin is a currency that revolves around being distributed strictly as an internet based payment system. It’s commonly known for its non-governed aspect. It’s gotten popular because more and more businesses are starting to use it.


Title: Re: What is Bitcoin
Post by: Zoe_27 on April 05, 2018, 01:47:50 PM
Bitcoin is the most popular crypto currency.  Google and youtube is your friend.  You can definitely get a ton of information with video presentations.  ;D


Title: Re: What is Bitcoin
Post by: rivkavender on April 05, 2018, 03:58:20 PM
it would be easier for you to experience BTC and also look it up on google to know


Title: Re: What is Bitcoin
Post by: Brightcrypto on April 05, 2018, 05:55:23 PM
bitcoin is simply know as digital crypto currency


Title: Re: What is Bitcoin
Post by: Rymorrison on April 05, 2018, 06:11:05 PM
Bitcoin is 2 things:

1. A digital currency
2. A decentralized platform

It was invented to be a peer-to-peer payment solution. It's main characteristic is that it allowed people to transfer funds without having to go through a centralized entity (like a bank). That was possible thanks to it's underlying technology, the blockchain.

I made this short video where I explain it in a bit more detail: https://www.youtube.com/watch?v=yaPeSJTUmQs&index=1&list=PLkosbfdomGrPVpQ0ynWnEnOItywY4wFMw&t=2s


Title: Re: What is Bitcoin
Post by: renbucs on April 06, 2018, 07:05:41 AM
Bitcoin is a digital currency — a virtual form of cash — that allows users to make anonymous payments online. Bitcoin transactions are validated by a vast network of computers, instead of banks or governments, making it a decentralized form of money that many have hailed as a privacy-friendly answer to corporate banking and a recession-proof alternative to inflationary currencies.


Title: Re: What is Bitcoin
Post by: 3lyntio on April 06, 2018, 11:24:22 AM
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.


Title: Re: What is Bitcoin
Post by: bucsren on April 06, 2018, 12:09:08 PM
It is the first decentralized digital currency, as the system works without a central bank or single administrator


Title: Re: What is Bitcoin
Post by: safeend6 on April 09, 2018, 03:58:12 AM
Its generally a electrical product getting overwhelmed on which can cause you to get unstable from you financial status


Title: Re: What is Bitcoin
Post by: krisjoygallatiera on April 09, 2018, 07:30:13 AM
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.


Title: Re: What is Bitcoin
Post by: mintevacuateY on April 09, 2018, 04:07:54 PM
The bitcoins is the best stock matter to made an investments on and is a future currency that will replace fiats ;)


Title: Re: What is Bitcoin
Post by: Dudeperfect on April 09, 2018, 05:44:00 PM
Bitcoin is nothing but just another form of money. However, it is based on the technology called blockchain and thus every transaction is recorded in more than 1 block to make sure that transaction is unique and original. Blocks are created using the complex process of mining and the people who are involved in mining activities are known as miners. Governments can not ban bitcoin transactions because miners are located in multiple countries so it is difficult for governments to shut down every mining machine in a single shot.


Title: Re: What is Bitcoin
Post by: Earlee on April 09, 2018, 07:59:42 PM
Bitcoin is a digital currency started in 2009 by an individual with a false name satoshi Nakamoto, Bitcoin is a network to network online payment method or digital currency which has no physical existence like the traditional money, it can transferred all around the world with low or minimal transactions fees.


Title: Re: What is Bitcoin
Post by: Dacosta Osei-Tutu on April 10, 2018, 03:12:45 AM
Bitcoin is the first cryptocurrency which uses the blockchain technology.


Title: Re: What is Bitcoin
Post by: Novania on April 10, 2018, 03:22:50 AM
Bitcoin is A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.


Title: Re: What is Bitcoin
Post by: Pavlo_Zolotoi on April 10, 2018, 02:47:04 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?

Bitcoin at the moment is very promising for investment tool, it seems to me, the most profitable!


Title: Re: What is Bitcoin
Post by: LordShanken on April 10, 2018, 03:17:49 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?

Bitcoin at the moment is very promising for investment tool, it seems to me, the most profitable!
It was and it will be cause bitcoin was first one and whole other coins are just copied and have only some better technological updates, i think that bitcoin won't lose its price and investing in it will be profitable always.


Title: Re: What is Bitcoin
Post by: Sined07 on April 10, 2018, 04:26:30 PM
Bitcoin is a decentralized global transaction cash system. blockchain is an integrated transaction logging technology with modern technology, which has a unique, immutable code that revolutionizes the workings of the Internet, banking and other things.


Title: Re: What is Bitcoin
Post by: concatmedial8 on April 13, 2018, 04:41:26 AM
In simple, bitcoins are virtual coins which comprises of accurate sets of programmes to form an entire costly bitcoin currency


Title: Re: What is Bitcoin
Post by: boyptc on April 13, 2018, 04:43:46 AM
You better read this guys.

https://bitcoin.org/en/
https://bitcoin.org/en/how-it-works

And the whitepaper as well.

https://bitcoin.org/bitcoin.pdf



Title: Re: What is Bitcoin
Post by: Darerando on April 15, 2018, 04:29:06 PM
Bitcoin is a crypto-graphic computer bit, whose economic value is volatile in nature. This computer bit is a finanacial  instrument offering decentralized transfer of value and bitcoin access world wide.


Title: Re: What is Bitcoin
Post by: nilstairs2 on April 17, 2018, 10:35:53 PM
It would be better for you to get some practical videos for the beginners and you will get them easily on youtube


Title: Re: What is Bitcoin
Post by: Whoducen on April 19, 2018, 08:16:58 PM
Its not possible to say such a large information here. Hit the query in search engines just


Title: Re: What is Bitcoin
Post by: Komorhan on April 19, 2018, 08:52:42 PM
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017


Title: Re: What is Bitcoin
Post by: Snappycoco on April 20, 2018, 02:07:03 AM
Bitcoin is an electronic currency which its price is not stable and might get low but sometimes at its peak. It is a good investment for a business because of its chance having a big price hike in the future.


Title: Re: What is Bitcoin
Post by: KelvinE on April 20, 2018, 08:23:09 AM
Bitcoin (BTC) is the mother of all digital currencies and the best coin on the market which you can invest in. it is going down at the moment but i still believe it is the best. BTC all the way


Title: Re: What is Bitcoin
Post by: B4rk4d4 on April 20, 2018, 10:46:56 AM
Bitcoin is the greatest currency that was made by Satoshi Nakamoto in 2009. Its price also is not stable in other words its price has ups and downs. It is also known as the king of all crypto coins, and it is a good investment for business because of its chance to reach its highest peak of price.


Title: Re: What is Bitcoin
Post by: Dewin Ayuu on April 20, 2018, 11:20:51 AM
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. You can find out more about bitcoin on YouTube.


Title: Re: What is Bitcoin
Post by: B4rk4d4 on April 25, 2018, 02:06:36 PM
Can i tell me some thing about bitcoin and blockchain?

What is blocktime, blocksize and how effected of it to blockchain?
Bitcoin  is a digital currency that was made in 2009 by Satoshi Nakamoto - this name is just an allias.
Read more in this link below.
 Source: http://money.cnn.com/infographic/technology/what-is-bitcoin/


Title: Re: What is Bitcoin
Post by: mrsbee on April 25, 2018, 02:19:58 PM
Bitcoin is a crypto currency use worldwide for payment in selected establishment...it was develop in 2009 by alias Satoshi Nakamoto...its price is not stable its always reclining and declining...


Title: Re: What is Bitcoin
Post by: aliceayag on April 26, 2018, 08:38:10 AM
All i know is bitcoin is a digital currency. I learn it from searching in google and watching youtube on how it works.


Title: Re: What is Bitcoin
Post by: mr.creampie on April 26, 2018, 11:32:35 AM
One of the very first questions everybody asks when you hear about cryptocurrency. So bitcoin is the first coin and has the greatest value. it is a digital currency that uses cryptography to verify and secure transactions. In summary, it is the safest way to send money online and it has a good market and value today.


Title: Re: What is Bitcoin
Post by: roman_kadikov on April 26, 2018, 11:43:03 AM
Ecли oпиcывaть Bitcoin пpocтыми cлoвaми, тo – этo aнoнимнaя плaтeжнaя cиcтeмa, иcпoльзyющaя oднoимeннyю вaлютy. Oнa иcпoльзyeтcя cиcтeмy блoкчeйн, кoтopaя oбъeдиняeт oпepaции в oднy бoльшyю cиcтeмy.


Title: Re: What is Bitcoin
Post by: bongnor531 on April 26, 2018, 01:15:29 PM
Blockchain is undoubtedly one of the most significant technological solutions in the 21st century that’s going to disrupt whole industries and make fundamental changes in the world we live in. This process is ongoing, we can see in many fields how blockchain takes out the power from the hands of traditional giants. Easy to see this process, but very hard to understand blockchain as a technology. In this article, we go through the basics and try to define this disruptive technology from an understandable perspective.     

Professional explanation

Blockchain is a distributed ledger, which works on a proof of work consensus with 10 minutes block timing. When someone sends Bitcoin from one address to another, then the transaction gets into the so-called "Mempool". The miners, who act like nodes, select them and in the Merkle tree structure, with hashing process, transform them into one hash. The first miner, who verifies the transaction, receives transaction fee and a fix amount of Bitcoin as a reward. All the other nodes import the new block, and attach it to its chain end.

Understandable explanation

Blockchain is a technology, which contains all the transactions made on the network. There are several Blockchains out there, like Bitcoin, Ethereum, EOS and so on. Now, in this article, we will analyze the first ever Blockchain, the Bitcoin. The first (genesis) block was created by Satoshi Nakamoto who wrote the following message in the source code: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks". Referring to the fact that Blockchain was created against the current financial system, as an answer to the economic crisis in 2008.

Blockchain works in peer-to-peer network, so it's decentralized, which means everyone can join the chain and everyone has the same permissions, possibilities to mine (At least theoretically. Nowadays, you cannot use your laptop at home to mine Bitcoin, because of the huge mining farms in China or Iceland.). Anyone who joins, act like a node/server. They are the miners, they and the developers are responsible for the operation. This is reason one (beside a lot others), why Bitcoin is better than banks. Your money is stored on all the servers, if a hacker would steal it, he/she should attack and hack 51% (at least) of all the nodes. 

How does the Bitcoin transfer work?

Alice decided to make money with crypto, because she read in the New York Times it was like the Dotcom bubble. She creates a wallet, buy some Bitcoins and transfer it to his friend, Bob. Alice's transaction gets into the unprocessed transaction pool, into the Mempool. Transactions are waiting there for a miner to process them. Normally, it takes a few minutes, but we all saw in December 2017, January 2018 how overloaded the Bitcoin Blockchain was, so it took a few hours or even days. For processing the transactions, the miners receive transaction fee, paid by the sender, and the Coinbase reward (this is how the circulating supply grows). This is what we call proof of work. There are other protocols as well, like proof of stake. 

Let's see how new blocks are generated

In case of Bitcoin a new block is created in every 10 minutes by a miner. In the example above, a miner selected Alice's transaction beside many others from the Mempool and put it in its block. For this, it must complete the hashing operations. Hashing is a cryptography, Mathematics exercise, which must be resolved by the miner to get the transaction key until the Root Hash is generated. This is what we call Merkle tree.   

A block contains the following information:

    Sender Address
    Receiver Address
    Amount - Block Hash
    Previous Block Hash
    Date of Transaction   

Miners compete with each other for creating the blocks. When one of the nodes creates a new block, all the other nodes attach it to the chain's end and verify it. This why we call it a decentralized system. 


Title: Re: What is Bitcoin
Post by: Luigieee on April 26, 2018, 02:04:40 PM
If you want to enter in the world of crypto you should now what is the basic needs to do when you enter to it, and im sure it really helps to you to understand the things that you want to know.


So i have a little info about bitcoin,bitcoin is decentralized on no one cant own it expect for investor,bitcoin has the power of blockchain bitcoin can change the payment system because it has the powerful transaction ,these are the basic info that i know.


Title: Re: What is Bitcoin
Post by: tagposh43d on May 01, 2018, 01:40:36 PM
Bitcoins is a digital thing and uses block chains technology to pay online.


Title: Re: What is Bitcoin
Post by: Get_Rich on May 01, 2018, 05:00:18 PM
Bitcoin is a digital currency that serves as a buying tool in VIP bitcoin or bitcoin wallet.
BTC prices can change at any time in because many people are scrambling to get BTC.


Title: Re: What is Bitcoin
Post by: Behene on May 02, 2018, 09:13:15 AM
I think bitcoin is the currency of the future


Title: Re: What is Bitcoin
Post by: Jalal ud din on May 02, 2018, 09:24:27 AM
If you want to know about bitcoin and blockchain and any thing about them,I will suggest you to search on Wikipedia.I know it's too boring but it's fruitful for you.


Title: Re: What is Bitcoin
Post by: Shingaling on May 02, 2018, 10:30:24 AM
Bitcoin is a digital currency that can found in the crypto world and can be use as mode of payments for goods and services.Bitcoin is a financial savoir for some people like me.


Title: Re: What is Bitcoin
Post by: Ulticon on May 02, 2018, 02:21:04 PM
Bitcoins also known as cryptocurrencies are the best currencies and are in great demand.


Title: Re: What is Bitcoin
Post by: secondhandlark5 on May 02, 2018, 07:10:45 PM
It is a digital cryptocurrency and is also a very popular currency.


Title: Re: What is Bitcoin
Post by: aminurrahaman on May 02, 2018, 10:33:33 PM
Basic description:-
Bitcoin is a first digital decentralized cryptocurrency implemented in blockchain technology by unknown developer Satoshi Nakamoto in 2009.
Its called cryptocurrency because it is a digital currency secured by cryptography or mathematical puzzle.

Blockchain technology is a software which records all its trasactions in blocks serially with valid cryptographic signature. As it is stored like a chain thats why its called blockchain.

This is the basic description.


Title: Re: What is Bitcoin
Post by: tokenomics on May 03, 2018, 02:32:52 AM
I strongly recommend you to read this page to gain more knowledge about Bitcoin.
https://www.coindesk.com/information/what-is-bitcoin/


Title: Re: What is Bitcoin
Post by: bendingappaloosaH on May 04, 2018, 11:49:11 PM
To get the detailed information you must google it or watch some YouTube videos.


Title: Re: What is Bitcoin
Post by: npolie on May 07, 2018, 06:41:04 PM
Modern creation in modern times is bitcoin. This is virtual money. It does not control anyone. It is a lot more in trading. Very secure transactions and easy transactions. Bitcoin investment can be very beneficial.


Title: Re: What is Bitcoin
Post by: Vancomputer on May 08, 2018, 12:45:48 AM
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!


Title: Re: What is Bitcoin
Post by: David Way on May 08, 2018, 12:59:36 AM
Bitcoin is a decentralized ledger... It is a digital currency and will solve the cross border problem and will possibly disrupt every industry