What exactly is Bitcoin?
When people say "Bitcoin," they mean one of two things.
1. A type of digital money.
2. An internet payment system that allows you to send and receive money.
The phrase is usually used to the money itself, however the payment mechanism is just as vital as the currency. Allow me to explain both.
When people say "Bitcoin," they mean one of two things.
1. A type of digital money.
2. An internet payment system that allows you to send and receive money.
The phrase is usually used to the money itself, however the payment mechanism is just as vital as the currency. Allow me to explain both.
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