What is Bitcoin and how does it work?

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Syndicated · Original source
Ask five people what Bitcoin is and you’ll get five different answers. Internet money. Digital gold. A waste of energy. An inflation hedge. An ‘old’ cryptocurrency. Most opinions are formed before any real understanding, pieced together from headlines and hot takes. If you’ve found yourself here, perhaps you’re among the intrepid few who’d rather answer the question for yourself. In this guide, I’ll explain Bitcoin from first principles. Using interactive diagrams and demos, we’ll discover what problems Bitcoin is attempting to solve, how it functions as a decentralised network

https://bennet.org/learn/what-is-bitcoin/

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Categories: Bitcoin & Nostr [c123], General [c1]

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