Core Concepts

How Bitcoin Works

How do Bitcoins Work?

Bitcoin transaction Lifecycle

Bitcoin definition

Transactions and Bitcoin creation

Bitcoin Facts

  • Is a cryptocurrency.
  • can be sent user to user (peer-to-peer) without intermediaries.
  • Transactions are verified by node through cryptography.
  • It's soul is an integrated ledger a public distributed ledger.
  • It's creation is inmerse in the mistery of an entity known as  Satoshi Nakamoto.
  • It was released in 2009.
  • Bitcoins are the consequence of a process called mining that rewards the best puzzle node solvers.
  • It requires a lot of computational power: known as proof-of-work wich generates trust, and shields transactions.