Question

What is a Bitcoin and how does it work?​

Answer 1

• Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.

Answer 2

Answer:

ʙɪᴛᴄᴏɪɴ ɪs ᴀ ᴅᴇᴄᴇɴᴛʀᴀʟɪᴢᴇᴅ ᴅɪɢɪᴛᴀʟ ᴄᴜʀʀᴇɴᴄʏ ᴛʜᴀᴛ ʏᴏᴜ ᴄᴀɴ ʙᴜʏ, sᴇʟʟ ᴀɴᴅ ᴇxᴄʜᴀɴɢᴇ ᴅɪʀᴇᴄᴛʟʏ, ᴡɪᴛʜᴏᴜᴛ ᴀɴ ɪɴᴛᴇʀᴍᴇᴅɪᴀʀʏ ʟɪᴋᴇ ᴀ ʙᴀɴᴋ. ʙɪᴛᴄᴏɪɴ's ᴄʀᴇᴀᴛᴏʀ, sᴀᴛᴏsʜɪ ɴᴀᴋᴀᴍᴏᴛᴏ, ᴏʀɪɢɪɴᴀʟʟʏ ᴅᴇsᴄʀɪʙᴇᴅ ᴛʜᴇ ɴᴇᴇᴅ ғᴏʀ “ᴀɴ ᴇʟᴇᴄᴛʀᴏɴɪᴄ ᴘᴀʏᴍᴇɴᴛ sʏsᴛᴇᴍ ʙᴀsᴇᴅ ᴏɴ ᴄʀʏᴘᴛᴏɢʀᴀᴘʜɪᴄ ᴘʀᴏᴏғ ɪɴsᴛᴇᴀᴅ ᴏғ ᴛʀᴜsᴛ