Bitcoin Explained Simply

What is Bitcoin and How Does It Work? Hello everyone, welcome to our channel! Today, we’re diving into a topic that’s been buzzing around the world - Bitcoin! What is it, and how does it work? Let’s break it down in a simple and easy-to-understand way. Stick around!“ “So, what is Bitcoin? Bitcoin is a type of digital money that you can use to buy things or save for the future. But unlike the dollars in your wallet, Bitcoin isn’t controlled by any government or bank. Instead, it runs on a special technology called blockchain. Think of blockchain as a giant digital ledger that keeps track of all Bitcoin transactions.“ “Okay, let’s talk about how Bitcoin works. Here’s a simple way to understand it: Blockchain Technology: Imagine blockchain as a book where every page is a 'block' and every transaction is written down. Once a page is full, a new page is added. This chain of pages is called a 'blockchain.' It’s super secure because once a p