How Does Bitcoin Work Eli5 Reddit at Levi Davis blog

How Does Bitcoin Work Eli5 Reddit. It lets you send money to people over the internet, just like you would send an email. The difference is that it is not backed by a government like normal currencies. Its a currency like dollars or euros, and can be used to buy and sell goods. 1) it’s open source remember? Bitcoin is the first decentralized cryptocurrency, created by the mysterious satoshi nakamoto in 2008. So, did you see what happened? It’s called the bitcoin protocol. Bitcoin is like a kind of digital money. But instead of sending paper. .but that system i explained exists. And those digital apples are the “bitcoins” within the system. Bitcoin is like digital money. The total number of apples was defined in the public ledger at the beginning. It's like regular money that you can use to buy things or trade for things, but it exists only in computers and not in physical. What does the public ledger enable?

Bitcoin Transactions How do They Work?
from blokt.com

It’s called the bitcoin protocol. Bitcoin is the first decentralized cryptocurrency, created by the mysterious satoshi nakamoto in 2008. And those digital apples are the “bitcoins” within the system. What does the public ledger enable? But instead of sending paper. The difference is that it is not backed by a government like normal currencies. 1) it’s open source remember? Bitcoin is like digital money. It lets you send money to people over the internet, just like you would send an email. Bitcoin is like a kind of digital money.

Bitcoin Transactions How do They Work?

How Does Bitcoin Work Eli5 Reddit It’s called the bitcoin protocol. Bitcoin is the first decentralized cryptocurrency, created by the mysterious satoshi nakamoto in 2008. But instead of sending paper. It’s called the bitcoin protocol. Bitcoin is like a kind of digital money. Its a currency like dollars or euros, and can be used to buy and sell goods. The difference is that it is not backed by a government like normal currencies. What does the public ledger enable? It's like regular money that you can use to buy things or trade for things, but it exists only in computers and not in physical. The total number of apples was defined in the public ledger at the beginning. So, did you see what happened? Bitcoin is like digital money. It lets you send money to people over the internet, just like you would send an email. 1) it’s open source remember? .but that system i explained exists. And those digital apples are the “bitcoins” within the system.

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