Cryptocurrency Q&A
Which crypto is Bitcoin?
Which crypto is Bitcoin?
Filippo
Thu Nov 07 2024
|
7 answers
1304
I'm trying to understand the world of cryptocurrencies, and I've heard a lot about Bitcoin. I want to know which crypto is represented by Bitcoin, its place in the market, and how it compares to other cryptocurrencies.
7 answers
BusanBeautyBlooming
Sat Nov 09 2024
It operates on a peer-to-peer network, where transactions are verified through intricate cryptographic processes.
Was this helpful?
291
39
Bianca
Sat Nov 09 2024
These transactions are not controlled by any central authority, standing in stark contrast to traditional financial systems.
Was this helpful?
201
71
Elena
Sat Nov 09 2024
Instead, nodes within the bitcoin network undertake the responsibility of verifying transactions.
Was this helpful?
247
71
Michele
Sat Nov 09 2024
Each transaction, once verified, is recorded in a public and distributed ledger.
Was this helpful?
110
43
Daniele
Sat Nov 09 2024
Bitcoin, abbreviated as BTC and symbolized by ₿, holds a unique position as the first decentralized cryptocurrency.
Was this helpful?
298
71
Load 5 more related questions
