{"id":381,"date":"2021-06-09T05:36:40","date_gmt":"2021-06-09T05:36:40","guid":{"rendered":"https:\/\/crypto-sense.com\/?page_id=381"},"modified":"2021-06-10T01:15:00","modified_gmt":"2021-06-10T01:15:00","slug":"what-is-bitcoin","status":"publish","type":"page","link":"https:\/\/crypto-sense.com\/index.php\/what-is-bitcoin\/","title":{"rendered":"WHAT IS BITCOIN"},"content":{"rendered":"<div id=\"themify_builder_content-381\" data-postid=\"381\" class=\"themify_builder_content themify_builder_content-381 themify_builder\">\n    \n\t<!-- module_row -->\n\t<div  class=\"themify_builder_row module_row clearfix module_row_0 themify_builder_381_row module_row_381-0 tb_tmnv559\">\n\t    \t    <div class=\"row_inner col_align_top\" >\n\t\t\t<div  class=\"module_column tb-column col-full first tb_381_column module_column_0 module_column_381-0-0 tb_d2pj560\" >\n\t    \t    \t        <div class=\"tb-column-inner\">\n\t\t    \n\n\n    <!-- module video -->\n    <div  class=\"module module-video video-381-0-0-0 video-top    tb_shji567\">\n                <div class=\"video-wrap\">\n\t    <iframe loading=\"lazy\" title=\"What is Bitcoin? (v2)\" width=\"1165\" height=\"655\" src=\"https:\/\/www.youtube.com\/embed\/Gc2en3nHxA4?feature=oembed\"  allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><template data-arve_cachetime=\"2026-05-29T15:20:30+00:00\" data-arve_iframe_src=\"https:\/\/www.youtube.com\/embed\/Gc2en3nHxA4?feature=oembed\" data-arve_url=\"https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4\" data-author_name=\"WeUseCoins\" data-author_url=\"https:\/\/www.youtube.com\/@weusecoins\" data-height=\"655\" data-provider=\"youtube\" data-provider_name=\"YouTube\" data-provider_url=\"https:\/\/www.youtube.com\/\" data-thumbnail_height=\"360\" data-thumbnail_url=\"https:\/\/i.ytimg.com\/vi\/Gc2en3nHxA4\/hqdefault.jpg\" data-thumbnail_width=\"480\" data-title=\"What is Bitcoin? (v2)\" data-type=\"video\" data-version=\"1.0\" data-width=\"1165\" class=\"arve-data\"><\/template>        <\/div>\n        <!-- \/video-wrap -->\n\n            <\/div>\n    <!-- \/module video -->\n    \n\t        <\/div>\n\t    \t<\/div>\n\t\t    <\/div>\n\t    <!-- \/row_inner -->\n\t<\/div>\n\t<!-- \/module_row -->\n\t\n\t<!-- module_row -->\n\t<div  class=\"themify_builder_row module_row clearfix module_row_1 themify_builder_381_row module_row_381-1 tb_636b596\">\n\t    \t    <div class=\"row_inner col_align_top\" >\n\t\t\t<div  class=\"module_column tb-column col-full first tb_381_column module_column_0 module_column_381-1-0 tb_dufu597\" >\n\t    \t    \t        <div class=\"tb-column-inner\">\n\t\t    \n\n<!-- module text -->\n<div  class=\"module module-text text-381-1-0-0     tb_u000604\">\n        <div  class=\"tb_text_wrap\">\n    <p>Video from &#8211; <a href=\"https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4\">https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4<\/a><\/p>\n<p>\u00a0<\/p>    <\/div>\n<\/div>\n<!-- \/module text -->\n\n\t        <\/div>\n\t    \t<\/div>\n\t\t    <\/div>\n\t    <!-- \/row_inner -->\n\t<\/div>\n\t<!-- \/module_row -->\n\t\n\t<!-- module_row -->\n\t<div  class=\"themify_builder_row module_row clearfix module_row_2 themify_builder_381_row module_row_381-2 tb_z1f8557\">\n\t    \t    <div class=\"row_inner col_align_top\" >\n\t\t\t<div  class=\"module_column tb-column col-full first tb_381_column module_column_0 module_column_381-2-0 tb_cayb558\" >\n\t    \t    \t        <div class=\"tb-column-inner\">\n\t\t    \n\n<!-- module text -->\n<div  class=\"module module-text text-381-2-0-0     tb_ekki619\">\n        <div  class=\"tb_text_wrap\">\n    <h3 class=\"p1\">Bitcoin is the \u201cgrandfather\u201d of all cryptos.<\/h3>\n<p class=\"p1\">It is the original decentralised cryptocurrency that holds<span class=\"Apple-converted-space\">\u00a0 <\/span>reputable worldwide value today, launched globally 12 years ago on 3rd January 2009.<\/p>\n<h5 class=\"p1\">The decentralised Bitcoin ecosystem \u2014 a simple technical explanation<\/h5>\n<p class=\"p1\">Upon closer inspection, Bitcoin is a collection of concepts and technologies that form the basis of a digital money ecosystem.<\/p>\n<p class=\"p1\">These include:<\/p>\n<p class=\"p1\">\u25cf A decentralised peer-to-peer network of computers called nodes of which there are 10,244 globally (10) (all running the Bitcoin protocol \/ software called Bitcoin core);<\/p>\n<p class=\"p1\">\u25cf Control of 50% or more of all nodes is not confined to one operator (dispersed control);<\/p>\n<p class=\"p1\">\u25cf A public transaction ledger that shows all transfers of bitcoin ownership \u2014 debit and credit inputs (the blockchain);<\/p>\n<p class=\"p1\">\u25cf A decentralised mathematical and deterministic currency issuance mechanism for the total bitcoin supply (distributed mining and the \u201cProof-of-Work\u201d concept); and\u00a0<\/p>\n<p class=\"p1\">\u25cf A decentralised transaction verification system (transaction script).<\/p>\n<p class=\"p1\"><strong>The Bitcoin system is based on decentralised trust<\/strong>, thus it relies heavily on cryptographic technologies to secure it, such as:<\/p>\n<p class=\"p1\">\u25cf Cryptographic hash functions (i.e. SHA-256 and RIPEMD-160); and<\/p>\n<p class=\"p1\">\u25cf Public Key Cryptography (i.e. ECDSA \u2014 the Elliptic Curve Digital Signature Algorithm).<\/p>\n<h5 class=\"p1\"><span style=\"color: #003366;\">Article by Sophie Amat: &#8220;Gandhi-nomics and decentralisation : a strong foundation for cryptocurrency&#8221;<\/span><\/h5>\n<p class=\"p1\">Sophie Amat published this article in ALTCOIN Magazine (Now called InCapital Magazine) on Medium publishing platform. You can read the full article here &#8230; <a href=\"https:\/\/medium.com\/the-capital\/gandhinomics-and-decentralisation-a-strong-foundation-for-cryptocurrency-d16ec68cf5d8\"><span class=\"s1\">https:\/\/medium.com\/the-capital\/gandhinomics-and-decentralisation-a-strong-foundation-for-cryptocurrency-d16ec68cf5d8<\/span><\/a><\/p>    <\/div>\n<\/div>\n<!-- \/module text -->\n\n\t        <\/div>\n\t    \t<\/div>\n\t\t    <\/div>\n\t    <!-- \/row_inner -->\n\t<\/div>\n\t<!-- \/module_row -->\n\t<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Video from &#8211; https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4 \u00a0 Bitcoin is the \u201cgrandfather\u201d of all cryptos. It is the original decentralised cryptocurrency that holds\u00a0 reputable worldwide value today, launched globally 12 years ago on 3rd January 2009. The decentralised Bitcoin ecosystem \u2014 a simple technical explanation Upon closer inspection, Bitcoin is a collection of concepts and technologies that form [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-381","page","type-page","status-publish","hentry","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WHAT IS BITCOIN - CRYPTO-SENSE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/crypto-sense.com\/index.php\/what-is-bitcoin\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WHAT IS BITCOIN - CRYPTO-SENSE\" \/>\n<meta property=\"og:description\" content=\"Video from &#8211; https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4 \u00a0 Bitcoin is the \u201cgrandfather\u201d of all cryptos. 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(v2)\" width=\"1165\" height=\"655\" src=\"https:\/\/www.youtube.com\/embed\/Gc2en3nHxA4?feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><template data-arve_cachetime=\"2026-05-29T15:20:30+00:00\" data-arve_iframe_src=\"https:\/\/www.youtube.com\/embed\/Gc2en3nHxA4?feature=oembed\" data-arve_url=\"https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4\" data-author_name=\"WeUseCoins\" data-author_url=\"https:\/\/www.youtube.com\/@weusecoins\" data-height=\"655\" data-provider=\"youtube\" data-provider_name=\"YouTube\" data-provider_url=\"https:\/\/www.youtube.com\/\" data-thumbnail_height=\"360\" data-thumbnail_url=\"https:\/\/i.ytimg.com\/vi\/Gc2en3nHxA4\/hqdefault.jpg\" data-thumbnail_width=\"480\" data-title=\"What is Bitcoin? (v2)\" data-type=\"video\" data-version=\"1.0\" data-width=\"1165\"><\/template>\n<p>Video from - <a href=\"https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4\">https:\/\/www.youtube.com\/watch?v=Gc2en3nHxA4<\/a><\/p> <p>\u00a0<\/p>\n<h3>Bitcoin is the \u201cgrandfather\u201d of all cryptos.<\/h3> <p>It is the original decentralised cryptocurrency that holds\u00a0 reputable worldwide value today, launched globally 12 years ago on 3rd January 2009.<\/p> <h5>The decentralised Bitcoin ecosystem \u2014 a simple technical explanation<\/h5> <p>Upon closer inspection, Bitcoin is a collection of concepts and technologies that form the basis of a digital money ecosystem.<\/p> <p>These include:<\/p> <p>\u25cf A decentralised peer-to-peer network of computers called nodes of which there are 10,244 globally (10) (all running the Bitcoin protocol \/ software called Bitcoin core);<\/p> <p>\u25cf Control of 50% or more of all nodes is not confined to one operator (dispersed control);<\/p> <p>\u25cf A public transaction ledger that shows all transfers of bitcoin ownership \u2014 debit and credit inputs (the blockchain);<\/p> <p>\u25cf A decentralised mathematical and deterministic currency issuance mechanism for the total bitcoin supply (distributed mining and the \u201cProof-of-Work\u201d concept); and\u00a0<\/p> <p>\u25cf A decentralised transaction verification system (transaction script).<\/p> <p><strong>The Bitcoin system is based on decentralised trust<\/strong>, thus it relies heavily on cryptographic technologies to secure it, such as:<\/p> <p>\u25cf Cryptographic hash functions (i.e. SHA-256 and RIPEMD-160); and<\/p> <p>\u25cf Public Key Cryptography (i.e. ECDSA \u2014 the Elliptic Curve Digital Signature Algorithm).<\/p> <h5>Article by Sophie Amat: \"Gandhi-nomics and decentralisation : a strong foundation for cryptocurrency\"<\/h5> <p>Sophie Amat published this article in ALTCOIN Magazine (Now called InCapital Magazine) on Medium publishing platform. 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