What’s Bitcoin

What’s Bitcoin?

Bitcoin is a broad term used to describe three different things.

1. The Bitcoin Currency (Tokens / Units of Account)

This is what is referred to when someone asks what is the price of a bitcoin, or how do I buy some bitcoin(s). Bitcoin Wallets are needed to send or receive bitcoin.

Wallet choices can be found here: weusecoins.com/en/getting-started

2. The Blockchain (Accounting Ledger)

The Blockchain is a public ledger that keeps track of all bitcoins in existence and who owns them.

View the Blockchain here: blockchain.info

3. The Bitcoin Network (Transaction processors / Miners)

This is the growing network of computers that verify and process all the transactions on the bitcoin network.

Details about the Bitcoin Network here: blockchain.info/charts

This video can explain more: