Post
Topic
Board Beginners & Help
Re: What is bitcoin and how it works?
by
vanyx
on 17/04/2018, 03:02:59 UTC
You can think of Bitcoin as digital cash, that isn't distributed by any central authority.

To get everyone to agree on a state, each transcation must be mathematically verified by each participant on the network. So as long as there is more honest participants than malicious ones n the network, the funds are kept intact.

The underlying technology behind Bitcoin is blockchain, which can be thought of as a slow database.