What is Bitcoin? Beginner's Guide to Bitcoin in 2023

26/01/2023 7 min
What is Bitcoin? Beginner's Guide to Bitcoin in 2023

Listen "What is Bitcoin? Beginner's Guide to Bitcoin in 2023"

Episode Synopsis

Bitcoin is a decentralised digital currency that operates using cryptography, making it secure and reliable. It was created in 2009 and is the first and most well-known cryptocurrency. Transactions with bitcoin are recorded on a public, decentralised blockchain, allowing transparent and verifiable tracking of the currency. Bitcoin can be used for many purposes, including purchasing goods and services and has become a popular investment option due to its high potential for returns.Resource Link: https://collectiveshift.io/bitcoin/what-is-bitcoin/Timestamps00:00 Intro00:20 Bitcoin01:59 What makes Bitcoin valuable?03:26 Censorship Resistant05:05 Technological Advancements06:46 Finale