Introducing Aenco’s Crypto Academy — #1. What is Bitcoin?

AENCO Ecosystem
✍Aenco Academy
Published in
2 min readSep 26, 2019
Bitcoin — Open source P2P money

Hi Aenco Community,

As AENX, Aenco’s digital asset exchange, is launching soon, we think it’s time to provide some basic knowledge of cryptocurrency to our community. From now on, we will regularly share cryptocurrency, blockchain technology and their related articles, in hope that our community can understand the power of the technology.

First thing first, what is Bitcoin, the most heard cryptocurrency?

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.

Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

How do people get Bitcoins?

There are three main ways people get Bitcoins.

  • You can buy Bitcoins using ‘real’ money.
  • You can sell things and let people pay you with Bitcoins.
  • Or they can be created using a computer.

source:
1.
https://bitcoin.org
2.
https://www.bbc.co.uk/newsround/25622442

About AENCO:

Aenco consists of a team with strong corporate management experience from global investment banks and financial institutions, as well as blockchain technologists and enthusiasts. Aenco is the world’s first blockchain-based healthcare technology financial solutions platform, connecting its ecosystem with the wider healthcare technology community.

Follow us:

Website: https://www.aencoin.com

Telegram: https://t.me/Aenco

LinkedIn: https://www.linkedin.com/company/Aenco

Medium: https://medium.com/@Aencoin

Twitter: https://twitter.com/Aencoin

Facebook: www.facebook.com/Aencoin

Discord: https://discord.gg/KXZzqgS

YouTube: YouTube.Aencoin.com

--

--