Knowledge Scroll
  • Home
  • About
  • Video Library
    • Course Library
  • Tutoring Services
    • Online Tutoring
    • Homework Help
    • Exam Preparation
  • Blog
    • Custom Web Search
    • Useful Links
  • Contact
    • Donate

What is Bitcoin?

Picture
Shape Divider - Style split
Bitcoin is a decentralised digital currency that enables near instant online payments to anyone, anywhere in the world.

​Bitcoin uses a peer-to-peer network technology called the blockchain to operate with no central authority.

Bitcoins have all the desirable properties of good money but in a digital form. They are portable, durable, divisible, recognisable, fungible scarce and difficult to counterfeit.

Bitcoin was designed around the idea of using cryptography to control its creation and transfer around the network, rather than relying on central authorities or third parties.


Bitcoin transactions are:
  • Permissionless and Borderless
  • Relatively Private
  • Censorship-Resistant
  • Irreversible
  • Relatively Fast
Stored Bitcoins:
  • ​Are in your direct possession
  • Cannot be debased
  • Have no storage fee
  • Are relatively easy to keep safe
  • Easily Verifiable 

How Can You Learn More?

Picture

How Can You Buy Bitcoin?

Picture
Powered by Create your own unique website with customizable templates.
  • Home
  • About
  • Video Library
    • Course Library
  • Tutoring Services
    • Online Tutoring
    • Homework Help
    • Exam Preparation
  • Blog
    • Custom Web Search
    • Useful Links
  • Contact
    • Donate