what exactly is bitcoin

If you still can't figure out what the heck a bitcoin is, this simple explanation for a five-year-old may help you. Breaking down everything you need to know about Bitcoin Mining, from Blockchain and Block Rewards to Proof-of-Work and Mining Pools. If you're wondering, Bitcoin was introduced as a technology when the creator, with pseudonym Satoshi Nakamoto, released this whitepaper. Satoshi proved it bitcoim. Retrieved 8 January Take the bitcoin to usd on your bank account: What is it read article than entries in a database that can only be changed under specific conditions? Retrieved 9 December If you take away all the noise around cryptocurrencies and reduce it to a simple definition, you find it to be just limited entries in a database no one can change without fulfilling specific conditions. How does Bitcoin work? Denes Farkas.

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