2nd November 2019

wikipedia
14

What is Bitcoin simple explanation?

Bitcoin is a digital and global money system currency. Money can be exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin's security.

Accordingly, what is Bitcoin in layman's terms?

Bitcoin is a digital and global money system currency. It allows people to send or receive money across the internet, even to someone they don't know or don't trust. Money can be exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin's security.

How does a physical Bitcoin work?

People send coins to the public key. A physical coin is something that exists in the real world that has the public key and private key on it. From my perspective, a private key is a right to use bitcoins attached to the public address. This is attached to the terms "input" and "output" in bitcoin technology.

What are Bitcoins and how do you get them?

Seventh, you can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account. Eighth, there is a growing number of services and merchants accepting Bitcoin all over the world.
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