What is Bitcoin?
Hi,Today I am going to tell you What is Bitcoin? What bitcoin is and how today's two most popular versions of bitcoin differ from each other. As its name suggests bitcoin is an electronic currency but unlike government issued currencies there is no single entity that issues bitcoin or is in charge of processing its transactions. Before bitcoin,it was not possible to make electronic payments without the help of a third party like a bank or payment processor.Payments were often slow expensive and not available to everyone. To solve those problems bitcoin operates without a trusted third party instead it works as a purely peer-to-peer electronic currency meaning that payments are sent directly from one person to another. How does that work simply computers all over the world use mathematical functions to independently verify all bitcoin transactions. Which are then added to a public permanent list of transactions called the Blockchain. The blockchain is stored on all of those...