What is Bitcoin?

What is Bitcoin?

Bitcoin is a digital currency built on a distributed account holder, also called Blockchain.

The network is completely peer-co-peer, with this the transaction becomes censorship-resistant. Transactions are directly between users and verified 

by miners who use proof-of-work protocol. After this, these transactions are relayed on all participating nodes and stored in an invariant and public 

viewable account.

No unit controls the network, and the code is completely open source. This architecture ensures that there is no point of failure in Bitcoin and 

there is no attack surface. To date, Bitcoin is the only digital asset that is really decentralized and undisputed.

What is a Bitcoin and how does it work?

Value is transferred between bitcoin wellets included in a transaction block series. Bitatouin Welts holds a secret piece of data called a private 

key or seed, which is used to sign a transaction, which provides mathematical proof that they came from the owner of the wallet.