What is Bitcoin?

What is Bitcoin?  


Active Member
Joined: 4 months ago
Posts: 5
08/11/2019 5:40 pm  

As of Nov 8, 2019 Bitcoin is trading at around $8,751 usd. This puts Bitcoin at the top of the crypto-currency food chain where it has been. although bitcoin and blockchain and crypto-currency have all become terms that are used almost interchangeably, there are very big distinctions between them. Blockchain  is a crypto graphic data storage medium a shared public ledger. Data gathered from conducted transactions is verified through group consensus and stored in a block, which is connected to the block of transactions that got verified before it. The continual creation and linking of blocks forms the chain of recorded and verified data transactions called the Blockchain. Bitcoin is one of over 1,600 crypto-currencies. Crypto currency is an application of the blockchain technology