Difference between revisions of "Bitcoin"
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== What is Bitcoin? == | == What is Bitcoin? == | ||
| − | Bitcoin is an innovative and volatile currency that is not backed by any government and has a value that fluctuates due to its predetermined mathematical scarcity. People are able to purchase, sell, and trade bitcoins at online exchanges or via person-to-person transactions. Bitcoin enthusiasts typically have interests in cryptography, distributed peer-to-peer systems, or economics. As of March 2017, the active members in the Bitcoin community totaled 3.3 million people! | + | Bitcoin is an innovative and volatile currency that is not backed by any government and has a value that fluctuates due to its predetermined mathematical scarcity. People are able to purchase, sell, and trade bitcoins at online exchanges or via person-to-person transactions. Bitcoin enthusiasts typically have interests in [[cryptography]], distributed peer-to-peer systems, or economics. As of March 2017, the active members in the Bitcoin community totaled 3.3 million people! |
*This innovative and volatile currency is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined. | *This innovative and volatile currency is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined. | ||
*You can buy, sell, and trade bitcoins at online exchanges or through person-to-person transactions. | *You can buy, sell, and trade bitcoins at online exchanges or through person-to-person transactions. | ||
Latest revision as of 15:12, 9 May 2024
What is Bitcoin?
Bitcoin is an innovative and volatile currency that is not backed by any government and has a value that fluctuates due to its predetermined mathematical scarcity. People are able to purchase, sell, and trade bitcoins at online exchanges or via person-to-person transactions. Bitcoin enthusiasts typically have interests in cryptography, distributed peer-to-peer systems, or economics. As of March 2017, the active members in the Bitcoin community totaled 3.3 million people!
- This innovative and volatile currency is backed by no government and has a fluctuating value linked in part to a scarcity that is mathematically predetermined.
- You can buy, sell, and trade bitcoins at online exchanges or through person-to-person transactions.
- Bitcoin enthusiasts are often libertarians who are interested in cryptography, distributed peer-to-peer systems, or economics.
- As of March 2017, there were 3.3 million active members of the Bitcoin community!
See Also