What is Bitcoin?


Solid State Member
To quote from a fairly comprehensive article on Bitcoin that I think is a good definition:

"Bitcoin is an electronic store of value and medium for trade, that uses a combination of algorithms and other code to replace the need for a trusted central bank, and allows for quasi-anonymous direct transfers of value between peers, without middlemen."
Bitcoin as a technology is too complicated to comprehend it by reading only 1 article :) If you want to fully understand what BTC is better get the book by Kalle Rosenbaum "Grokking Bitcoin", available on Amazon. It is quite thick (about 500 pages) but after reading it I am sure that you will have no questions unanswered :)


Beta member
new york
Yeah, in order to fully understand all the complications of bitcoin cryptocurrency you really need to read much about it to know for sure how it works and don't get fooled by some scammers. This cryptocurrency was created like much other digital money to keep users anonymous. I lost my money when I bought something and hackers discovered all my transactions and my data. So I found a way to protect my personal information and keep my privacy. I use a bitcoin mixer service that helps me to protect my data and make the transactions untraceable.
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