How many hours do day traders work? And whether money can be made from it, how does it work and how is it created and patented, and what is its value based on?
What is Bitcoin Trading for Beginners? What is Bitcoin in detail? Is Bitcoin a cryptocurrency? Is Bitcoin a system or a technology? You seem to have a lot of questions about what is Bitcoin.
Here in this topic, we will explain to you everything about Bitcoin in more detail, with more scrutiny, and in an easy way, and in simple and understandable terms.
As a simple and easy explanation, Bitcoin is an intangible encrypted digital currency whose system is the Internet and works on the Internet. Bitcoin can be traded over the Internet and electronic devices through a general, decentralized protocol called Blockchain technology.
When I decided to find out what bitcoin is, I searched for information a lot over the Internet for a long time, and every time I read, I question what bitcoin is.
But all the explanations I found, however simple they were, created more confusion in my head. Then I did my own research on what bitcoin is, how it works, and how it created this hype in the financial world and the global economy.
If you are now, like me, wondering about what exactly is Bitcoin, and do not understand the essence of Bitcoin. Is it a scam currency only, is it a real currency and will change the world, is its value real? Is it really a profitable currency?
Take five minutes to read this article. I promise that after reading it, you won't have any further questions about what bitcoin is.
Let's ask these questions first. Where does Bitcoin's aunt come from and what are they? What is its nature and who prints it? And if no party or government-issued it, then why is Bitcoin called a currency?
In simple terms, what is Bitcoin?
Basically, Bitcoin is just a computer program. It is only a program that is not present on a single computer or server, as is the case with servers and servers controlled by large companies, which can get your data with ease.
As for the Bitcoin program, it is connected directly to millions of computers that communicate directly with each other through this program, and this program is fully encrypted and decentralized and there is no entity that can change its algorithms.
Even if any entity in the network of that program, i.e. the Bitcoin program, wants to bomb even a small bit of the data of that program, more than 51% of the participants in the network must agree to it, and this is impossible, because the participants are scattered across the world and no one knows the other, and Also, it is not in their interest to change anything.
