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Bitcoin - Coggle Diagram
Bitcoin
how bitcoin work
Each Bitcoin is a digital asset that can be stored at a cryptocurrency exchange or in a digital wallet. Each individual coin represents the value of Bitcoin's current price, but you can also own partial shares of each coin.
Bitcoin mining is the process by which Bitcoin transactions are validated digitally on the Bitcoin network and added to the blockchain ledger. It is done by solving complex cryptographic hash puzzles to verify blocks of transactions that are updated on the decentralized blockchain ledger.
Bitcoin is a decentralized digital currency that operates without the need of financial system or government authorities. It utilizes peer-to-peer transfers on a digital network that records all cryptocurrency transactions. This network is powered by the blockchain, an open source code that pairs (or chains) blocks of transaction histories to prevent manipulation.Because these transfers are confirmed directly between users and are located on a shared public ledger, Bitcoin eliminates the need for central facilitators, like governments and banks, to verify currency transactions.https://www.investopedia.com/news/how-bitcoin-works/
.butcoin is not rund by athorades but by a nerwork
.you can only get bitcoin by getting exchange or buying it
.every bitcoin have a chain of ownership
.there is a universal record of every transactions
.there is many computers called miners that get reson transaction called blocks and miner compete with each other to verify the transaction
who envented bitcoin
Key Takeaways. Satoshi Nakamoto is the pseudonym used by the creator or creators of Bitcoin. The identity of Satoshi Nakamoto is not publicly known. One of the first major public investigations ended with Dorian Nakamoto being identified as Bitcoin's creator, but he continues to decline the claim
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.the creater of bitcoin (Satoshi Nakamoto)when he anomaly anouns bitcoin and then disaperd out of knowwhere
.Satoshi Nakamoto didn't anounts him self because bitcoin didnt includ 3th partys/goverment and bank it was seen as a threet
.many develrper in the past that tried digatle cryptography have risked being suid and even jail time
.Satoshi Nakamoto sent hid finle email
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