Bitcoin Explained: What is Bitcoin and How it Works ? [2022]

What is Bitcoin and How it Works:

After the current fall situation of crypto market, many people who haven't tried crypto so far are thinking about it and they are coming across the word Bitcoin .

So, this video will answer all of their Questions about Cryptocurrency Bitcoin and it's working way.

Hello Everyone!!

Welcome back to my channel. In today's video, I'm going to break down the definition, do a technical analysis of the current market and give you my opinion on where I think it's headed and why it might be a good investment for you.

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.

You don't need to be an expert in Bitcoin to get started with cryptocurrency. For the first time, you will be provided with a bitcoin wallet on your computer or mobile device, which will generate your first Bitcoin address. You can give your friends your address so they can pay you or the other way around. Bitcoin addresses are similar to email addresses, except they can only be used once.

Discussed Topics:
1. What is Bitcoin
2. Bitcoin Simple Explained
3. How Bitcoin Works ?

Bitcoin has so many advantages as well. You can do quicker transactions and don't have to wait several days or months to perform transactions. Moreover, there is no fee on withdrawal or transaction as for other currencies, you must pay some extra charges to get your money in hand.

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Thank you for watching and see you in the next video!!