Post
Topic
Board Beginners & Help
Re: What is bitcoin and how it works?
by
DiceDies
on 16/04/2018, 12:01:16 UTC
Hi,

I can't agree with you actually...


The blockchain is not connecting all computers. It is rather a huge chain, shared by all users. It is build up by miners, who are supposed to check all transactions. Though, it is not something tangible, so I can understand that the concept may be hard to grasp...

As for bitcoin, you can really see it as a digital currency, created by an algorithm, and shared between all miners.

However, you don't necessarily have to understand how this technically works, depending on what you want to do here! Wink

Thanks for the clarification, I was just interested and wanted to learn more about bitcoin.