WHAT IS BITCOIN?

in #bitcoin5 years ago

WHAT IS BITCOIN?
I think this is one of the first questions that anyone who is beginning to research about Bitcoin and cryptocurrencies should do. At first glance it might seem that the question is quite simple, but depending on the perspective and the approach of each one, the answer could turn out to be a little more complicated and deep than expected.
Bitcoin is a digital currency for some, a new form of money for others, there are also those who think that Bitcoin is a business, others say it is a digital asset, even Bitcoin is said to be new technology.

According to the website https://bitcoin.org/es/ "Bitcoin is an innovative payment network and a new form of money". According to the document known as: The Bitcoin white paper, published by Satoshi Nakamoto (pseudonym of the creator of Bitcoin), "Bitcoin is a person-to-person electronic cash system"

It is possible that Bitcoin complies with all or almost all of the aforementioned statements, but to better understand what Bitcoin is, let's ask: what is the Internet? and what is money?

Once we do the exercise individually and try to answer those questions, we could pose a new concept and / or a new idea: "The Internet of value", which I believe defines Bitcoin well and the technology behind: Blockchain.
They think that the common people really know: what is Bitcoin ?, what is it for? and how it works?

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