Many have said Bitcoin is complicated and confusing, when in fact it’s a lot more simple and organised than what most people think. Here we will discuss the basics and also present further learning opportunities for those that want to know more.
Bitcoin is often described by comparing it to something specific people already know, but this is often what creates a lot of confusion. Bitcoin is a new technology that is unlike anything we have seen before, and a better way to think of it is as a comparison of things we are already used to;
Bitcoin allows you to move money so easily, therefore it functions as a payment system, similar to bank transfers or credit cards, only a bit better.
It can be term the Digital Gold and many refer to it as 'Gold 2.0'. Think of it as using gold for money, except it also very easy to move.
Bitcoin is powered by Blockchain which is like the internet in that no single person or entity controls it, so anyone can pretty much use it as they like. This gives it some very unique features.
These features also buttress one another, so they are all interwoven.
There's more to be revealed about this 8th wonder of the world. So stay in tune with us and Share our Article to educate someone today.
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