Hello Steemitians, We all know about Bitcoin. Today I am here with some information about Bitcoin. Specially this article will be very helpful for beginners I think. Because Beginners have a lot of question about Bitcoin in their mind. And today I will answer some selected question about Bitcoin. So lets Start.
• What is a Bitcoin and how does it work?
• Answer: A transaction is a transfer of value between Bitcoin wallets that gets included in the block chain. Bitcoin wallets keep a secret piece of data called a private key or seed, which is used to sign transactions, providing a mathematical proof that they have come from the owner of the wallet.
• What is Bitcoin and how do you use it?
• Answer: Bitcoin is a digital currency created in 2009 by a mysterious figure using the alias Satoshi Nakamoto. It can be used to buy or sell items from people and companies that accept bitcoin as payment, but it differs in several key ways from traditional currencies.
• What's Bitcoin all about?
• Answer: Bitcoin is a cryptocurrency created in 2009. ... Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!
• What is Bitcoin in layman's terms?
• Answer: Bitcoin is a digital and global money system currency. It allows people to send or receive money across the internet; even to someone they don't know or don't trust. Money can be exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin's security.
• Is Bitcoin a good investment?
• Answer: “It's still very much a gamble,” Cuban said of buying Bitcoin in a recent interview with MONEY. “It could go to $15,000 or zero and maybe both on the same day.” The price of Bitcoin recently shot past $13,000, and experts are split on whether the cryptocurrency is a good investment or not.
• How can I use Bitcoin?
• Answer: you can get bitcoins by accepting them as a payment for goods and services or by buying them from a friend or someone near you. You can also buy them directly from an exchange with your bank account. Eighth, there are a growing number of services and merchants accepting Bitcoin all over the world.
That's all for today. Thank You so much for reading my article. Hope it will be helpful for Beginners.