Home Forums Wallet Discussion Blockchain Wallet How is bitcoin different from regular money ?

This topic contains 2 replies, has 3 voices, and was last updated by  Marckusha 1 month, 2 weeks ago.

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  • #903086

    Maxxx17
    Participant

    I don’t quite understand the whole bitcoin system and on which trading floors it can be traded? Help me understand this. How does bitcoin differ from regular money ?

    #903271

    Agata98
    Participant

    Cryptocurrency is a type of digital currency. It is not managed by the government or banks. I use margex to make it easier to manage bitcoin. And I can tell you about the differences between cryptocurrency and regular money. So, the revolutionary features of bitcoin:
    – you don’t need a bank to transfer money to someone
    Cryptocurrency has no physical equivalent: no bills or coins made of precious metals.
    – No one can issue bitcoins bypassing the system
    – Bitcoin is anonymous – all transactions are available to anyone on the internet. But we only know the wallet numbers, no first names, last names or passport information.

    #904371

    Marckusha
    Participant

    This is all provided by the blockchain – the principle of its operation can be explained on the fingers of a child in 10 minutes. Blockchain is just a data storage system, like Excel, Google Docs or even a simple notebook.

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