WHAT IS BITCOIN?
Bitcoin is a digital currency that is decentralized, meaning it is not managed by a central authority like a bank or government. It is created, stored, and transferred electronically using a technology called blockchain. Bitcoin is often used as a form of payment for goods and services, and can also be traded like a commodity. It is highly volatile, meaning its value can go up and down quickly.
WHAT IS BTC?
BTC stands for Bitcoin, a digital asset and global payment system that acts as a form of digital currency. It is the 1st decentralized digital currency, as the system works without a central bank or single administrator, so it is secure. Bitcoin can be used to buy goods and services, and is exchanged on online marketplaces. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
IS BITCOIN LEGAL?
Bitcoin is generally considered legal in most countries, however, the legality of it can vary depending on the country or jurisdiction you are in. It is important to check your local laws and regulations to see whether or not you can use Bitcoin in your area. Generally speaking, as long as you are using it as an investment or as a means of exchange, it is legal.
MORE ABOUT BITCOIN
BTC (Bitcoin) is a decentralised cryptocurrency that works on cryptography. It operates with no central authority and is not controlled by any central banks. It functions on a peer to peer network, and it’s decentralised nature allows users to send and receive funds without any intermediary.