What is 비트코인 (Bitcoin) and how does it work?

3 answers

• Dec 19, 2021 · 3 years ago
  Sure! 비트코인 (Bitcoin) is a decentralized digital currency that was created in 2009 by an unknown person or group of people using the name Satoshi Nakamoto. It operates on a technology called blockchain, which is a distributed ledger that records all transactions across a network of computers. Unlike traditional currencies, 비트코인 is not issued or controlled by any central authority, such as a government or financial institution. Instead, it is generated through a process called mining, where powerful computers solve complex mathematical problems to validate and secure transactions on the network. This process also creates new 비트코인 as a reward for miners. Once generated, 비트코인 can be bought, sold, and used as a medium of exchange for goods and services, similar to traditional currencies. Its decentralized nature and cryptographic security make it resistant to censorship and fraud, and it has gained popularity as an alternative form of currency and investment.
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• Dec 19, 2021 · 3 years ago
  비트코인 (Bitcoin) is like digital gold. It's a form of decentralized currency that exists purely in the digital realm. Instead of physical coins or bills, 비트코인 is stored in digital wallets and can be transferred between users through the internet. The technology behind 비트코인, known as blockchain, ensures that every transaction is transparent and secure. This means that it's nearly impossible to counterfeit or manipulate 비트코인 transactions. As for how it works, 비트코인 transactions are verified by a network of computers called miners. These miners solve complex mathematical problems to confirm and record transactions on the blockchain. In return for their work, miners are rewarded with newly created 비트코인. This process is known as mining, and it's what keeps the 비트코인 network running smoothly. So, in a nutshell, 비트코인 is a digital currency that operates on a decentralized network, and it's secured by blockchain technology.
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• Dec 19, 2021 · 3 years ago
  비트코인 (Bitcoin) is a decentralized digital currency that allows people to send and receive money over the internet. It's not controlled by any government or financial institution, which means that it's not subject to the same regulations and restrictions as traditional currencies. 비트코인 transactions are recorded on a public ledger called the blockchain, which is maintained by a network of computers around the world. This makes 비트코인 transactions transparent and secure. As for how it works, 비트코인 uses a technology called cryptography to secure transactions and control the creation of new units. Miners play a crucial role in the 비트코인 network by verifying transactions and adding them to the blockchain. In exchange for their work, miners are rewarded with newly created 비트코인. This process ensures the integrity and security of the 비트코인 network. Overall, 비트코인 is a revolutionary form of digital currency that offers a decentralized and secure way to transfer money online.
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