How Bitcoin works
How exactly Bitcoin is classified is a controversial issue. Is it a currency, a store of value, a payment network, or an asset class? Fortunately, it is easier to define what Bitcoin actually is. It is software. Don't be fooled by the stock images of shiny coins with modified Thai baht symbols. Bitcoin is a purely digital phenomenon, a set of protocols and processes.
How Bitcoin works
How exactly Bitcoin is classified is a controversial issue. Is it a currency, a store of value, a payment network, or an asset class? Fortunately, it is easier to define what Bitcoin actually is. It is software. Don't be fooled by the stock images of shiny coins with modified Thai baht symbols. Bitcoin is a purely digital phenomenon, a set of protocols and processes.
