I was ask if I could teach what bitcoin or cryptocurrency is all.about. Since, I am.not.knowledgeable in technical.part then I may have some.difficulty on explaining it. All I know is that bitcoin has volatility in terms of.its market price and this is the only thing I can share with the guy.
I just want get ideas from you guys on where to start teaching the guy. Should I start on joining exchange?, creating Wallet?, how to transfer btc?,
Bitcoin is indeed a complicated technology. Is there any chance that this all could be done easily or simplied? Could you suggest that to me. Post your replies and thank.you in advance.
Bitcoin and cryptocurrencies are means to transfer value without requiring a third party other than the network that maintains the record of transactions. They do this by cryptography which mathematically proves a transaction is valid. Validators achieve consensus by proof of work or proof of stake.