THE NEED TO KNOW ABOUT BITCOIN

in #bitcoin7 years ago

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Bitcoin is a digital and global money system currency. It allows people to send or receive money across the internet, even to someone they don't know or don't trust. Money can be exchanged without being linked to a real identity. The mathematical field of cryptography is the basis for Bitcoin's security.

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Bitcoin

A Digital Bitcoin Wallet
User(s)
International
Subunit

.01
cBTC (centicoin)
.001
mBTC (millicoin)
.000001
μBTC (microcoin)
.‪00000001‬
satoshi[1]
Symbol
฿ or Ƀ, disputed.
Nickname
BTC, Coins, XBT

A Bitcoin address, or simply address, is an identifier of 26-35 alphanumeric characters, beginning with the number 1 or 3, that represents a possible destination for a bitcoin payment. Addresses can be generated at no cost by any user of Bitcoin.

For example, using Bitcoin Core, one can click "New Address" and be assigned an address. It is also possible to get a Bitcoin address using an account at an exchange or online wallet service.
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