How Do Bitcoins Work


? This is a question that often causes confusion. Here’s a quick explanation!

What Are ? ?

I’m relatively new to the world of and understand the basic principles of wallets and addresses etc, but was wondering exchanges (like Coinbase) exactly.

So, when spending , transactions ? There are no , only records of transactions. Here’s the funny thing about : they don’t exist anywhere, even on a hard drive.

. In layman’s terms: is a digital currency.

Below, we take a simplified look at cryptocurrencies like . First, let’s review the basics and essentials of cryptocurrency, and then we will an overview of the other properties that have made cryptocurrency what it is today.

What Are Bitcoins and How Do They Work? – Lifewire

Do you want to gamble and pay with Bitcoins? – Bitcoins Casino

Do Bitcoins Belong In Your Child’s Education Fund? – Forbes

Why do Bitcoins have value? | Investopedia

Bitcoin – Wikipedia