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a type of digital currency in which a record of transactions is maintained and new units of currency are generated by the computational solution of mathematical problems, and which operates independently of a central bank.
"Bitcoin has become a hot commodity among speculators"
a unit of bitcoin.
"bitcoins can be used for online transactions between individuals"
added by Anonymous 20 days ago 2    0

What is Bitcoin? What is Bitcoin?

Bitcoin keeps coming back in the headlines. With any Bitcoin price change making news and keeping investors guessing.

In countries that accept it, you can buy groceries and clothes just as you would with the local currency. Only bitcoin is entirely digital; no one is carrying actual bitcoins around in their pocket.

Bitcoin is divorced from governments and central banks. It's organized through a network known as a blockchain, which is basically an online ledger that keeps a secure record of each transaction and bitcoin price all in one place. Every time anyone buys or sells bitcoin, the swap gets logged. Several hundred of these back-and-forths make up a block.

How do you vote?

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Bitcoin is the first crypto currency invented with the blockchain technology and it's not used to purchase goods and services because it has no economy behind it and it depends on trading which influences it's prices either to rise or to fall due to absence of an eco system behind it.
added by Anonymous 22 days ago 3    0