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what is bitcoin

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As more and more people keep learning about Bitcoin, the word ‘mining’ keeps popping up. People might wonder what is meant by mining. Traditionally with resources like Gold, Silver, Coal and other precious metals we have to mine them or dig them from underground. However, with Bitcoin, mining has slightly different meaning. The job of Bitcoin mining is not done by people, instead it’s done by computational power. Computers connected to the bitcoin network, dig/mine…

Bitcoin has been a great topic of discussion among young college students, investors, finance professionals, bloggers. People often call it by different names. Some call it as Digital Gold, Scam, Bubble, Ponzi Scheme and more. Today we are going to dive into the fundamentals of what is Bitcoin and I will share my own experience with it. Bitcoin essentially has 2 components, the token and the protocol/code, that powers the token. It was founded back…