Bitcoin Information
Description
Vocal Characteristics
Language
EnglishVoice Age
Middle Aged (35-54)Accents
North American (General)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
What is Bitcoin? That's a surprisingly tricky question to answer. Without us veering into a minefield of technical jargon and macro economics. What does Wikipedia say? Bitcoin is a digital currency. This is an unsatisfying answer. The world is full of currencies. So what's the point of yet another one? The real question we need to explore is why is Bitcoin so expensive and valuable? This will take a little bit of time to thoroughly unpack, but before this chapter is over, you'll have a really thorough and accurate answer. So grab a beverage, pull up a seat, put your feet up and ignore everything else for the next few minutes. Let's see if I can improve on wiki what is Bitcoin? Bitcoin is one of many expressions of Blockchain. So what is Blockchain And importantly, why should you care about what Blockchain is? Here's the answer. Blockchain is a database architecture. It is a way to design a database so that the structure itself makes its contents safe from hackers and manipulation later in this book will cover exactly how this is done. Suffice. Now, to just understand that Blockchain is a way to structure a self securing database. Blockchain also provides an unalterable audit trail, a logbook entries that cannot be changed that record every transaction