What is Bitcoin, as if you were to explain it to a child?

What is Bitcoin, as if you were to explain it to a child?


To a child knows what is money, it'll be easy to understand for him.

  • It is kind of currency or money not physical but digital which flows through the internet.
  • It is decentralized which means there is not only one body which controls the money. No middle man like bank to exchange the currency.
  • It is created by a process called mining in which a solution of a mathematical problem is to be find while performing a transaction.
  • Anyone in the world can join to find out the solution and if one gets the solution then gets rewarded with brand new bitcoins like money.
  • You can see anybody's transaction in the world.

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