What is Bitcoin?
What is Bitcoin? Is it a real money?
is a electronical money that it never can be print or visually exist. It is a digital currency unit that BTC both can buy and sell in Bitcoin Markets.
Bitcoin is a money unit but it is not printed, like the other moneys as dollar
, euro or pound. Bitcoin is used electronically and no one take the control of it. In short, bitcoin is a digital currency.
You can monitor realtime bitcoin prices at live bitcoin price
It is a payment system based on digital currency.
How Bitcoin Works?
Bitcoin works behind a new technology based on digital money. It works as a mobile app that you can send and receive data. Just like that, if you have a bitcoin wallet, you can send BTC
and receive BTC both. It is a digital wallet that you may pay with your bitcoins
when you get a service.
It works systematically with transactions as banks. Bitcoin network shares a public method (ledger: Block Chain).The chain contains all transaction processes which happened already. This ledger provides a permition to an user's computer to verify the validity of a transaction. Each transactions are protected by digital signatures corresponding to the "Sender Adress". The system provides that an user can control btc wallet to send bitcoins from his wallet.
Who Controls Bitcoin?
No one controls the Bitcoin Network. It is a technology like cloud, emails, apps, etc. All bitcoin users control the network around the world.
Bitcoin Market Times (Open/Close)
Economy markets are not open for all day but bitcoin markets
are open 24-hour in 7 days.
Price of Bitcoin
may change in every time (7/24).
In short, you can exchange your bitcoins
in 7 days and 24-hour.