What is Bitcoin?
Bitcoin is a decentralized peer to peer network protocol developed out of the Cypherpunks movement which impelments a public digital ledger. The Bitcoin cryptocurrency exists without a central bank or single administrator, and can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Bitcoin is often referred to as a cryptocurrency, as it uses cryptography to secure and verify transactions on the network.
Bitcoin is a framework upon which efforts like the Ordinals Protocol can be built, allowing for the creation and onchain storage of digital artifacts including art, games, documents, coding libraries and more.
How it Works
Bitcoin transactions are recorded on a public ledger called the blockchain. The blockchain is maintained by a network of nodes, which validate transactions and add them to the blockchain.
To send and receive Bitcoin, users need a digital wallet, which stores their private keys and allows them to interact with the network.
Why Use Bitcoin
- Bitcoin offers fast and secure transactions
- Bitcoin is decentralized, meaning it is not controlled by any government or financial institution
- Bitcoin transactions are transparent, as all transactions are recorded on the blockchain
- Bitcoin can be used for international payments, without the need for currency conversion
What's this site about?
- This site is collectively developed and updated live every 24 hours
- Anyone can submit a change on the github
- We hope to build an informational site that includes inputs from multiple communities
- We would like to see contributions to the site in the topics of (mining, coding, sat hunting, ordinals, stamps, XCP in general, and more)