What Exactly is Bitcoin
This information is also available on my YouTube Channel at: https://youtu.be/Exqbz4JkLmc If you prefer, you can also listen to this information on my Podcast at: https://creators.spotify.com/pod/profile/norbert-gostischa/episodes/What-Exactly-is-Bitcoin-e35s85t First off, Bitcoin isn’t a coin at all —at least, not in the traditional sense! Bitcoin is digital money - It’s what people call a cryptocurrency, a type of digital currency that isn't issued or controlled by any government or bank. Instead, it operates on a technology called blockchain, which is a secure, decentralized system that keeps a digital record of every transaction. Think of blockchain like a giant ledger book, but instead of a bank clerk controlling the entries, thousands of independent computers around the world keep the record accurate, secure, and transparent. How is Bitcoin Regulated? Here's where things get interesting - Bitcoin isn't regulated by any single government or...