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direfulseagull
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Simple explanations please

Thu Mar 08, 2018 11:28 am

Hey there,

can anyone recommend any articles where the principles of Bitcoin are explain in the simplest way possible?

I can't really understand the technical terms right now, perhaps if I get the basic idea it'll be easier for me.

I'd like to learn about how Bitcoin works - how it's mined, how blockchain works (especially how blocks are created), how do users "verify" transactions and how computing power affects it?

Or, if you could explain it yourself, it'd be even better :)

Thanks!

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MintDice
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Re: Simple explanations please

Thu Mar 08, 2018 9:46 pm

I understand, the crypto-space can be quite overwhelming with all the terminology and abstract concepts. Check out the link below, it's an explanation of the bitcoin protocol but it's presented as if it were being taught to a five year old. It's kind of funny.

http://bit.ly/2trLKbv

Hope this helps!!
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bitkilo
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Joined: Sat Sep 26, 2015 4:08 am

Donate BTC of your choice to 1DJcTrvdGsmKr7LdriVizkVmkcXWoG12nt

Re: Simple explanations please

Thu Mar 08, 2018 11:45 pm

Hey there,

can anyone recommend any articles where the principles of Bitcoin are explain in the simplest way possible?

I can't really understand the technical terms right now, perhaps if I get the basic idea it'll be easier for me.

I'd like to learn about how Bitcoin works - how it's mined, how blockchain works (especially how blocks are created), how do users "verify" transactions and how computing power affects it?

Or, if you could explain it yourself, it'd be even better :)

Thanks!
You are already at the #1 site (Bitcoin.com) to learn all about bitcoin.

I would suggest that you start here, it's just a quick read but has lots useful information: https://www.bitcoin.com/you-need-to-know

At [url=https://www.bitcoin.com/]Bitcoin.com [/ur] you can do just about anything you want to, from download a bitcoin wallet, start cloud mining, check out the daily bitcoin news or join our bitcoin academy.

Have fun and feel free to email team@bitcoin.com if you have any questions related to our services.
Please help Ross and his family during this hard time by donating to the https://freeross.org/ fund. Play at the best provably fair Bitcoin games site here: games.bitcoin.com Need a fantastic Bitcoin wallet Pick up some great Bitcoin.com swag here

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direfulseagull
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Joined: Thu Mar 08, 2018 11:06 am

Re: Simple explanations please

Fri Mar 09, 2018 7:46 am

Great! Thanks so much, bitkilo and MintDice! :) I'll make sure to check it out.

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