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About Money › Virtual money › Bitcoin
What is bitcoin

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What is bitcoin
discussmoney Offline
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#1
06-11-2016, 05:46 PM (This post was last modified: 06-11-2016, 05:46 PM by discussmoney.)
Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

https://bitcoin.org/en/faq#what-is-bitcoin

Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.
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discussmoney Offline
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#2
08-13-2016, 02:04 PM
(06-11-2016, 05:46 PM)discussmoney Wrote: Bitcoin is a consensus network that enables a new payment system and a completely digital money. It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

https://bitcoin.org/en/faq#what-is-bitcoin

Who controls the Bitcoin network?

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can't force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

bitcoin trading 48124
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Bitcoin Offline
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#3
05-06-2017, 04:27 AM
Hello Buddies,

Bitcoin is an innovative payment network. I wanted to know more about Bitcoin so I have searched in Major Searched Engine and got this Forum Website: http://cryptotalkforum.com . I watched this Forum site and got lots of information here. do you believe this website is best for Bitcoin ? or you can Provide me more information about it. Thanks
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