Hello all
In my research and understanding of what Bitcoin is I struggled a lot as google keeps showing results that tell me too complicated things that talk in a jargon that I don't know/understand.
I seem to have found a website that looks very simple and I would like to know if what they write is true or it is just another scammy websites...
I don't know who else I can ask, so I am posting here hoping to see if you can confirm whether I found on this page is correct or not.
The guy seems legit to me as I follow him on YouTube and has some good advises, but yet, I don't trust much what I find online talking about Bitcoin because I often feel that all the information ranking is just the same stuff reworded... I find this article completely different, but I have no clue
Thanks in advance
https://www.promisingtrader.com/cryptocurrency/bitcoin/what-is-bitcoin
In my research and understanding of what Bitcoin is I struggled a lot as google keeps showing results that tell me too complicated things that talk in a jargon that I don't know/understand.
I seem to have found a website that looks very simple and I would like to know if what they write is true or it is just another scammy websites...
I don't know who else I can ask, so I am posting here hoping to see if you can confirm whether I found on this page is correct or not.
The guy seems legit to me as I follow him on YouTube and has some good advises, but yet, I don't trust much what I find online talking about Bitcoin because I often feel that all the information ranking is just the same stuff reworded... I find this article completely different, but I have no clue
Thanks in advance
https://www.promisingtrader.com/cryptocurrency/bitcoin/what-is-bitcoin
Bitcoin is a digital currency created in January 2009. It follows the ideas set out in a whitepaper by the developer Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin really offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins although there are bitcoin ATMs, only balances kept on a public ledger in the cloud, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Altcoins.
CRypto 101