What is Bitcoin
Bitcoin was the first decentralized digital currency based on the blockchain technology. It was created in 2008 by an anonymous programmer known as Satoshi Nakamoto, who released the white paper in a cryptography mailing list and later open sourced the software that implements the protocol.
How does Bitcoin work & where can I get a bitcoin wallet?
Bitcoin is software that runs on a number of distributed devices ranging from smartphones as mobile wallets, PCs as desktop wallets, to ASIC for mining. Transactions are relayed between nodes in a peer-to-peer fashion. In a few seconds a given block will be propagated to all other nodes on the network. While insuring that all nodes reach consensus on which are the valid blocks. The process of supplying new coins in the system is done via the process of mining. The mining software runs on specialized hardware and it tries to compute the hash of assembled transaction and a number called the nonce. The software targets a difficulty index automatically adjusted by the network. The first miner to find the correct nonce wins the mining reward and can relay the mined block to other peers on the network.
Skywallet is the best bitcoin wallet app for Android and iOS phones, moreover the Wallet App is a multi-coin crypto wallet so instead of downloading a single bitcoin wallet, you’ll be able to store many types of crypto coins and tokens with Skywallet!