Bitcoin – The Cryptocurrency Explained

Cryptocurrency, as the name suggests, are currencies which are generated by computer codes, thus it has no issuing agency. Any cryptocurrency is generated by ‘miners’ on a cryptocurrency network like bitcoin that solves complex mathematical problems.

Bitcoin is the name of the oldest and most popular cryptocurrency network as well as the unit of currency generated by the same network. Except the fact that it is virtual and decentralized, bitcoin behaves very much like any real currency you know.

Whatever the Bitcoin price is at the moment, we tried to explain the concepts of bitcoin and how it works in a simplified manner. We hope you learn something from the video. Some other sources will be given below if you want further details.

The Bitcoin whitepapers by Satoshi Nakamoto: https://bitcoin.org/bitcoin.pdf

Other sources:
1. https://bitcoin.org/en/how-it-works
2. https://www.investopedia.com/news/how-bitcoin-works/
3. http://www.imponderablethings.com/2013/07/how-bitcoin-works-under-hood.html
4. https://www.khanacademy.org/economics-finance-domain/core-finance/money-and-banking/bitcoin/v/bitcoin-what-is-it
5. http://www.bitcoin.kn
6. https://www.youtube.com/watch?v=Lx9zgZCMqXE&t=395s
7. http://www.iamsatoshi.com/category/video-archive

Music Masterpiece:
Beethoven – Moonlight Sonata

Thank You and Farewell until next time!

Bitcoin – The Cryptocurrency Explained

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Kane Dane