Bitcoin is a digital form of currency which is “decentralised”. This means that Bitcoin is not controlled or regulated by any central authority, in the way old-fashioned traditional Dollars and Euros are. Bitcoin is traded peer to peer (P2P). People exchange Bitcoin directly between one another, rather than going through a middleman, such as a bank. The network that maintains all Bitcoins is run by miners who validate all transactions with cryptography and record them on a public digital ledger, called a blockchain.
A hugely important fact you need to understand is that Bitcoin is the only truly decentralised cryptocurrency at present.
Explain Bitcoin Like I’m Five – FreeCodeCamp.org
We didn’t need a third person there to help us make the transfer. We didn’t need to pull in Uncle Tommy (who’s a famous judge) to sit with us on the bench and confirm that the apple went from me to…
Bitcoin Explained - Illustrated Beginner's Guide
Learn everything you need to know about the cryptocurrency Bitcoin. Quick and simple explanations: Discover how Bitcoin works and why it’s so popular.
Bitcoin for Beginners - Playlist with Andreas Antonopoulos - YouTube
A collection of videos for newcomers who want to learn about Bitcoin and open blockchains.
A Must-Read (or Listen!): Satoshi Nakamoto's Bitcoin Whitepaper - YouTube
ð Get the iPhone App! âº http://cryptoyum.com â Everyone must read Satoshi Nakamoto's seminal work on Bitcoin: A Peer-to-Peer Electronic Cash System... or if ...