Binance What is Bitcoin

[iori_jun]

Can every body tell me what Bitcoin is? What precisely does he do for it, in addition to his earnings and buying and selling techniques, and many others...
Bitcoin can rise and fall much like shares, and might you lose lots in case you make investments?

 

[Briangsam]

Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

 

[Sotherefore]

Bitcoins is a cryptocurrency and the first cryptocurrency that was introduced into the world by satoshi nakamoto, he's the founder of first blockchain technology , ,through this blockchain is what brought about other cryptocurrency that is why bitcoins is the only cryptocurrency that influence other cryptocurrencies

 

[Ralphjoe]

Bitcoin is the first cryptocurrency in the world and it's based on the blockchain technology. It is actually the most valuable cryptocurrency in the world right now as the gap it gives to other cryptocurrency is quite wide at the moment. Due to the high price of Bitcoin right now it's transaction fees seems to be quite high that people that use bitcoin for little transactions will find it very expensive to use it.

 

[Chibson]

Bitcoin is simply a cryptocurrency. It is the first ever cryptocurrency and I refer it as the king of all cryptos. It is currently valued at over $57000. Bitcoin give rise to adoption of cryptocurrencies by a lot of people and this has led to the emergence of so many other cryptocurrencies. One of the beauty of Bitcoin or cryptocurrency is that it is decentralized.

 

[ritajane21]

Bitcoin is a digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.”

 

[sincerem]

Bitcoin is the first digital coin that existed, and it is created to be chief advocate of all Cryptocurrencies. The creation might be centred to a man called Nakamoto satoshi, but up till today, this man's profile is still hiding. No trace of his profile to read about him and know more about him, his biological family, and other family members, and place of birth.