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Author Topic: An Easy way to understand Bitcoin  (Read 46949 times)
ToyMonster
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February 16, 2018, 12:31:50 AM
 #121

Bitcoins are cryptocurrency or curency that are not minted but mined online. They are not based on firm reality platform.
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4Bergerfa
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February 17, 2018, 03:23:48 AM
 #122

Google it or serach about it in wikipedia. You would get to know a lots of cool stuffs about it. It would be interesting.
Bulltracct
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February 17, 2018, 06:26:15 PM
 #123

They are simply a collection of codes generated by satoshi; using perfect errorless codings and now it has become the most rapid growing currency over the worl
LudiAAA1
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February 21, 2018, 11:32:44 PM
 #124

Sorry I cant open it. The link seems cracked.

HeavenIneed
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February 22, 2018, 10:36:35 PM
 #125

But I think more easy will it be if you search in youtube:)
AmpaLex11
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February 23, 2018, 12:09:15 PM
 #126

Nice! Thanks. I am a newbie too and helped me.
babugi0070
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February 25, 2018, 05:23:33 PM
 #127

easy way to understanding ...great job..salute Grin
vrd
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February 28, 2018, 04:01:26 AM
 #128

1> start with collecting bounties from upcoming projects.
2> invest the amount you can afford to lose in BITCOIN itself start with 5K INR
3>read almost all the news related to it as much as possible.
4> done go and explore

FreshMoff
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March 01, 2018, 06:45:01 PM
Last edit: March 23, 2018, 01:20:58 AM by FreshMoff
 #129

Google, Youtube, here etc. for the high level concepts.

Then get a client, start messing about - concepts will become clear as you start seeing them in action
cloudgin
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March 05, 2018, 03:09:57 AM
 #130

An easy way to understand bitcoins is to follow any of the popular btc related youtube channels
Tokek_Belang
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March 06, 2018, 09:40:50 PM
 #131

Earning from bitcoin is little bit tough u will understand slowly as a newbie
This guide really helps Got to know many details.

But want to know more about many things say mining, about altcoins.please provide some threads to easy understand that.
Cyanics
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March 07, 2018, 02:58:27 AM
 #132

Join this forum and take part actively. You will get to know many things about bitcoins
anupaditya
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March 08, 2018, 04:20:38 PM
 #133

To cut through some of the confusion surrounding bitcoin, we need to separate it into two components. On the one hand, you have bitcoin-the-token, a snippet of code that represents ownership of a digital concept – sort of like a virtual IOU. On the other hand, you have bitcoin-the-protocol, a distributed network that maintains a ledger of balances of bitcoin-the-token. Both are referred to as “bitcoin.”

The system enables payments to be sent between users without passing through a central authority, such as a bank or payment gateway. It is created and held electronically. Bitcoins aren’t printed, like dollars or euros – they’re produced by computers all around the world, using free software.

It was the first example of what we today call cryptocurrencies, a growing asset class that shares some characteristics of traditional currencies, with verification based on cryptography.
Who created it?

A pseudonymous software developer going by the name of Satoshi Nakamoto proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure, verifiable and immutable way.

To this day, no-one knows who Satoshi Nakamoto really is.

In what ways is it different from traditional currencies?

Bitcoin can be used to pay for things electronically, if both parties are willing. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

But it differs from fiat digital currencies in several important ways.

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Aditya Karla
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March 14, 2018, 02:30:11 AM
 #134

interesting and meaningful subject Grin
MANOJKUMAR111
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March 14, 2018, 06:26:48 AM
 #135

thanks for sharing it helped me a lot  Smiley
bountyhunter1313
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March 14, 2018, 05:27:18 PM
 #136

Really enjoyed it man! Couldnt imagine it can be simplified down to this extent. Now I can explain it to my niece. Cheers Cheesy
Sgrocks
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March 18, 2018, 05:44:50 AM
 #137

This robot and Piggy Bank explanation nailed it Cheesy

Finally I am able to explain it to my relatives Tongue

https://akropolis.io/
♦ AKROPOLIS ♦ Blockchain Pensions Infrastructure ♦
♦ Token Generation Event Q2 2018 ♦
Kunal666456
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March 26, 2018, 11:28:52 AM
 #138

Really very easy to learning it was very l helpful for me
tarunchawla54
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April 06, 2018, 03:38:28 AM
 #139

Searching bitcoin video on youtube is the best for understanding the Bitcoin. you can use this link to get some information about Bitcoin. https://www.youtube.com/results?search_query=explain+bitcoin+
bluprint
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April 20, 2018, 06:14:55 AM
 #140

I could learn a lot, Post something like this
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