Bitcoin: Everything about cryptocurrency in simple words

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There are several thousand different cryptographic payment systems in the world, however, only the Bitcoin system holds a confident leading position. The wide distribution, complete independence from czech republic whatsapp data control and the possibility of anonymous storage and payments ensure high demand for Bitcoin and interest from consumers. Let's consider in more detail all the nuances of using this payment system and its corresponding monetary units - Bitcoins.

What is Bitcoin
It is a type of cryptographic currency, the security of which is ensured by the use of asymmetric cryptography methods and consensus algorithms.



An asymmetric method of cryptographic coding implies the presence of two keys - an open and a closed one, known only to the owner of the wallet. Such keys are a set of letters and numbers, the number of which can reach up to three dozen. An open key is required to confirm a transaction to transfer monetary units to the address of any wallet. The use of a closed key means the consent of the wallet owner to the transaction being made.

The official website of the payment system is Here you can also create a wallet and purchase cryptocurrency using different payment methods.

The most popular methods of acquiring Bitcoin are crypto exchanges, such as Binance





- To store, transfer or receive bitcoins, you need a special wallet with its own address on the network.