What is Bitcoin

[piqulhdt28]

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.

[keyscore44]

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.

[khamehame]

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.

[mustafizur8400]

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

[usama98]

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.

[arumiedes]

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.

[chaowb]

 

[stripewhite]

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.

[Zoe_27]

Bitcoin is the most popular crypto currency.  Google and youtube is your friend.  You can definitely get a ton of information with video presentations. 

[rivkavender]

it would be easier for you to experience BTC and also look it up on google to know

[Brightcrypto]

bitcoin is simply know as digital crypto currency

[Rymorrison]

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

[renbucs]

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.

[3lyntio]

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.

[bucsren]

It is the first decentralized digital currency, as the system works without a central bank or single administrator

[safeend6]

Its generally a electrical product getting overwhelmed on which can cause you to get unstable from you financial status

[krisjoygallatiera]

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.

[mintevacuateY]

The bitcoins is the best stock matter to made an investments on and is a future currency that will replace fiats

[Dudeperfect]

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.

[Earlee]

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.