Bitcoin how does this work? I hear a lot about it.

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rebeccamu

Age: 2021
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how does this work? I hear a lot about it.
Posted 21 Jul 2021

Nortman says
Thanks for the information.
Posted 28 Jul 2021

GroovEye says
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. This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies or undo-ing transactions. You can see how those transactions practically work on this site https://bittrade.one/chart/binance/ethusdt. I think now you have a general understanding of how bitcoin works. Goodbye.
Posted 28 Jul 2021

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