Post
Topic
Board Bitcoin Discussion
Re: How does Bitcoin work?
by
pooya87
on 28/06/2020, 06:03:50 UTC
Bitcoin is a completely virtual currency.
there is a big difference between "digital" and "virtual".
bitcoin is a "digital" currency or also known as "crypto" currency due to its usage of cryptography.
a virtual currency is virtual, like the currency that you use inside a game for instance.

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Bitcoins are used to purchase products and services online.
there are lots of physical stores (aka offline) that also accept bitcoin payments.

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This address is encrypted.
no it is not.

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One bitcoin is added to the network after each transaction is completed. This is called bitcoin mining.
you must not create topics like this when you have almost zero understanding of how bitcoin works!