Was ist Bitcoin?

This is a broad topic. Bitcoin is a network and bitcoin is the main cryptocurrency of this network. As a network, it is an entire distributed infrastructure consisting of computers with appropriate software (bitcoin network client) connected through the internet, providing security through the use of SHA256 encryption. This network exchanges information by distributing it to connected computers in a database called the blockchain. Encryption ensures the consistency of this database across different computers. This database is commonly referred to as the blockchain. The elements of the blockchain are called blocks. Bitcoin, as a cryptocurrency, is simply a record of value stored in public addresses held in this network database. Every new block that is created contains a record of bitcoin changes (as a cryptocurrency) for the public addresses involved in creating that new block. So if there are individuals willing to conduct transactions, the program announces their willingness and authorization to record, and other computers (through their software) verify their authorization. The computer closest to solving the cryptographic puzzle announced with each block gains the right to record the block and receives compensation for it. And that is what bitcoin mining is. A certain relatively fixed amount of BTC is allocated as compensation, which is halved every few years (every 210,000 blocks). But not only that. Those wanting to conduct a transaction also pay a transaction fee. 1 block is created approximately every 10 minutes.

The translation of the Polish sentence is: "Bin be?"

Bitcoin is a digital currency, created in 2009 by a person or group of people operating under the pseudonym Satoshi Nakamoto. It is a cryptocurrency that operates on a decentralized computer network known as the blockchain. In order to be recognized as Bitcoin, it must have several characteristics: Decentralization: Bitcoin is not controlled by any financial institution or government. Decisions regarding Bitcoin are made by the user community, making it independent. Cryptography: Bitcoin-related transactions are secured using complex cryptographic algorithms, ensuring security and confidentiality. Durability: Bitcoin transactions are irreversible and difficult to counterfeit. Once approved on the blockchain, they cannot be reversed. Limited supply: There is a limited amount of Bitcoins to be mined, which is 21 million. This means that Bitcoin is deflationary, and its value has the potential to increase in the future. Pseudonymity: Bitcoin users are identified by unique addresses, not their identities. Bitcoin can be used for payments, storing value, or even as an investment. Its popularity is growing with the development of blockchain technology.