- Wise Crypto Investment -

in #bitcoin7 years ago

So what is bitcoin and, most importantly, should you put your money into it?

Bitcoin was created to work as peer-to-peer electronic cash. It’s not actual, physical money. Bitcoin transactions are public digital messages, signed by using cryptography, that are sent to the whole Bitcoin Network to be verified. The transactions are kept in a digital ledger called “the blockchain”.

As explained in a paper by Satoshi Nakamoto, the mysterious supposed creator of bitcoin, an owner can transfer a bitcoin to another by “digitally signing a hash of the previous transaction and the public key of the next owner and adding these to the end of the coin.” To verify the transaction, a payee can verify the signatures to see the chain of ownership.

Sort:  


Hi tony-g!

I noticed you have posted many times since you began your journey on Steemit. That is great! We love active partipants.

I do want to point out that the Introduceyourself tag is meant to be used once only to introduce yourself to the Steemit community. You have now posted 15 times using the introduceyourself tag. Please see this link for more information Tag Spam?

Please take this into consideration and help build a great platform!

Welcome to Steem. Do read A thumb rule for steemit minnows - 50:100:200:25 for starter tips.
Also get to know more about Steem reading the Steem Blue Paper and share your feedback on our Steem Blue Paper Awareness Initiative
All the Best!!!