What is Bitcoin (Step By Step) Explanation.- WTF is Bitcoin.

in #life7 years ago


What is Bitcoins:

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer and transactions take place between users directly, without an intermediary.

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

BitKingdom is a type of community banking system that uses Bitcoin as a medium of value.

BitKingdom is NOT a pyramid or a ponzi scheme. We empowering people to be in control of their assets and equalize the wealth within the community itself.

We are committed in making sure this community lasts and does good to the people in it. Our mission statement is to empower community and to end poverty.

BitKingdom Community is a trusted global community center, where everyone will be able to provide help and in return, get help within the BitKingdom community.

Unlike traditional distribution system, we empower the use of Bitcoin technology into our system for our members.

At BitKingdom Community, we serve the community at our highest priority. We optimized the distribution of financial aid among participants through our ground breaking algorithm. The community are the people, and we are the community.

*PROVIDING HELP & GETTING HELP This concept has been used by many wealth distribution network which equalize profit distribution using matching algorithms.


Welcome to BitKingdom Community -

BitKingdom is not a multi-level business models, e-commerce or financial investment.

BitKingdom is not banks, BitKingdom does not collect the money of anyone or anything.

BitKingdom is not a company, BitKingdom is not have it's home .

BitKingdom is a way to connect communities, a network communes Assembly finance, where people helps and supports each other .

BitKingdom gives you a system network delivery service specializing in industrial , helping hundreds of millions of people around the globe participated ready to help support people other (PH) , and welcome to receive the help support of others (GH) .

Bitkingdom Testimonial By Yash Pal. (INDIA)

BitKingdom Community is a global community centers trustworthy, where everyone will be able to provide assistance to each other, all of us are helping in the community BitKingdom.
BitKingdom technology uses Bitcoin to our members around the world can easily exchange and can send mutual assistance within the community members. 


Mission & History :-

At Bitkingdom Community is to serve the community in a highest priority. Through programmed algorithms professional, we arranged for our community to help each other on a highest principle of fairness!

At Bitkingdom Community We 're awarded rights for public contracts - The end poverty

BitKingdom is not a bank or a company that take deposits. 

BitKingdom is simply a platform where participants can exchange financial help directly. 

What is Bitcoin ?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.What is Bitcoins:

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto, who published the invention in 2008 and released it as open-source software in 2009. The system is peer-to-peer and transactions take place between users directly, without an intermediary.

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.

What makes it different from normal currencies?

Bitcoin can be used to buy things electronically. In that sense, it’s like conventional dollars, euros, or yen, which are also traded digitally.

However, bitcoin’s most important characteristic, and the thing that makes it different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.

BitKingdom is a type of community banking system that uses Bitcoin as a medium of value.

BitKingdom is NOT a pyramid or a ponzi scheme. We empowering people to be in control of their assets and equalize the wealth within the community itself.

We are committed in making sure this community lasts and does good to the people in it. Our mission statement is to empower community and to end poverty.

BitKingdom Community is a trusted global community center, where everyone will be able to provide help and in return, get help within the BitKingdom community.

Unlike traditional distribution system, we empower the use of Bitcoin technology into our system for our members.

At BitKingdom Community, we serve the community at our highest priority. We optimized the distribution of financial aid among participants through our ground breaking algorithm. The community are the people, and we are the community.

*PROVIDING HELP & GETTING HELP This concept has been used by many wealth distribution network which equalize profit distribution using matching algorithms.


Welcome to BitKingdom Community -

BitKingdom is not a multi-level business models, e-commerce or financial investment.

BitKingdom is not banks, BitKingdom does not collect the money of anyone or anything.

BitKingdom is not a company, BitKingdom is not have it's home .

BitKingdom is a way to connect communities, a network communes Assembly finance, where people helps and supports each other .

BitKingdom gives you a system network delivery service specializing in industrial , helping hundreds of millions of people around the globe participated ready to help support people other (PH) , and welcome to receive the help support of others (GH) .

Bitkingdom Testimonial By Yash Pal. (INDIA)

BitKingdom Community is a global community centers trustworthy, where everyone will be able to provide assistance to each other, all of us are helping in the community BitKingdom.
BitKingdom technology uses Bitcoin to our members around the world can easily exchange and can send mutual assistance within the community members. 


Mission & History :-

At Bitkingdom Community is to serve the community in a highest priority. Through programmed algorithms professional, we arranged for our community to help each other on a highest principle of fairness!

At Bitkingdom Community We 're awarded rights for public contracts - The end poverty

BitKingdom is not a bank or a company that take deposits. 

BitKingdom is simply a platform where participants can exchange financial help directly. 

What is Bitcoin ?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

It’s the first example of a growing category of money known as cryptocurrency.

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