What is Bitcoin?
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that 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.
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
Whats this site about?
- This site is collectivly developed and updated live every 24 hours
- Anyone can submit a change on the github
- We hope to build a informational site that includes inputs from multiple communites
- We would like to see contributions to the site in the topics of(mining, coding, sat hunting, ordinals, stamps, XCP in general, and more)