What is Bitcoin?
Transactions in the Bitcoin network are independent. No bank account is required to purchase and store Bitcoin. Online transactions are unblockable and irreversible by any entities and organizations.
Fast international payments - transaction between Europe and Africa takes 10 minutes. Banks and other institutions do not participate in the process.
Privacy protection - measures used in the network may be anonymous under appropriate rules.
Security and Protection - Bitcoin transactions are institution and government independent and mathematically protected.
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Decentralized P2P network
Bitcoin is a digital currency completely independent of banks and institutions. Its greatest strength - decentralization - lies in the technological basis of the P2P network.
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Blockchain technology
Blockchain is the technology behind Bitcoin. Blockchain can be likened to a big accounting system that contains information about transactions.
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Transactions and miners
The blocks contained in the chains are created by miners, and digging - creating a block takes approximately 10 minutes. The blocks contain confirmations and transactional data - when one is full, the next is created - together to form a chain.
You may know more or less what bitcoin is, but you want to better understand what its phenomenon is all about. Cryptocurrencies, of which bitcoin is the most popular, have made a huge impact on the financial market and have helped many companies and individuals make a small fortune. What is bitcoin and what are cryptocurrencies in general, and how can you make money with them? Why is the value of one bitcoin growing so fast and who is Satoshi Nakamoto? What is the bitcoin network? Read our article and you will successfully enter the world of cryptocurrencies - just like other users before you.
Cryptocurrencies are becoming increasingly popular. Cryptocurrencies can be described as virtual money, as they can be used to make payments for various services or goods. Such payments, e.g. with bitcoin, are only possible when the seller accepts this form of payment. Cryptocurrencies do not have a physical form, but