So, what is Bitcoin and can we use it like a real currency such as Dollar, Euro,...? How to get Bitcoin?.... and so on, there maybe a lot of question about Bitcoin. In this article, I'll explain a little about Bitcoin by using the experience I just got 1 month ago.
What is Bitcoin ?
Bitcoin, we can split it to 2 words "bit", "coin". The word "bit" is the basic unit of information in computing and digital communications, and the word "coin" means a coin (real money, use to exchange something). So Bitcoin, we can understand that it is a digital currency (or virtual currency).
That's just a simple explanation for Bitcoin.
Now is the details explain about Bitcoin from Wikipedia
Bitcoin is a peer-to-peer payment system and digital currency introduced as open source software in 2009 by pseudonymous developer Satoshi Nakamoto. It is a cryptocurrency, so-called because it uses cryptography to control the creation and transfer of money. Conventionally, "Bitcoin" capitalized refers to the technology and network whereas lowercase "bitcoins" refers to the currency itselfHow to get Bitcoin?
Because it is a virtual currency so you don't have to go to the Office, find a job to earn bitcoin, you just need a computer to "mine" for it (similar to mining gold,...)(the better GPU the computer has, the faster bitcoin can be mine)
Bitcoins are created by a process called mining, in which participants verify and record payments in exchange for transaction fees and newly minted bitcoins.Users send and receive bitcoins using wallet software on a personal computer, mobile device, or a web application. Bitcoins can be obtained by mining or in exchange for products, services, or other currencies.
to be continued....
The next part of this article will be release soon. If you have any question, feel free to leave the comment.
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