Notes on Bitcoin
· 4 min read
I have never gotten a satisfactory answer to the question "what is Bitcoin" so thought I'd give it a shot given my new understanding of Bitcoin. Perhaps I can save someone some time.
What is Bitcoin?
Computer Science Fundamentals
Send money (cryptocurrency) without a central authority. The power to send the money resides in the keys of each wallet.
There are 3 fundamental principles to understand cryptocurrency: asymmetric encryption (public/private keys), hash algorithms, and blockchain.
