Download - An Introducing to What is Bitcoin
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INTRODUCING BITCOIN
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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.
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BITCOIN IS A GLOBAL PAYMENT NETWORK,
People store the coins online, or on any device they choose, and can use them to make payments
just like they would with a credit card.there are no charge backs and no hidden
fees.
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HOW DOES BITCOIN WORK?* From a user perspective, Bitcoin is nothing more than a mobile app or computer program that provides a personal Bitcoin wallet and enables a user to send and receive bit coins.* Behind the scenes, the
Bitcoin network is sharing a massive public ledger called the "blockchain".
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How to Store Your BitcoinsBitcoin wallets store the private keys that you need to access a bit coin address and spend your funds. They come in different forms, designed for different types of device. You can even use paper storage to avoid having them on a computer at all. Of course, it is very important to secure and back up your bitcoin wallet.
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Bitcoin is Decentralized
Its Easy to Setup
Bitcoin is Anonymous
Infinitesimal Transaction Fees Processing is Very Much Fast It’s Non-Repudiable
CHARACTERISTICS OF BITCON
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