What are the physical characteristics of bitcoins?

3 answers

• Dennis NeimanSep 22, 2022 · 3 years ago
  Bitcoins are a digital currency and do not have physical form. They cannot be physically held or seen like traditional coins or banknotes. Instead, bitcoins exist as entries on a decentralized ledger called the blockchain. This means that bitcoins are purely digital and can only be accessed and transferred through digital means, such as using a computer or mobile device.
  373

  187
• Hein KronborgJun 27, 2023 · 2 years ago
  No, bitcoins cannot be physically held or seen. They are purely digital and exist only as entries on a decentralized ledger. This is one of the key features of cryptocurrencies like bitcoin - they are not controlled or regulated by any central authority and can be transferred directly between users without the need for intermediaries like banks.
  347

  116
• Umar ShekhNov 01, 2024 · 8 months ago
  As an expert at BYDFi, I can confirm that bitcoins do not have any physical form. They are purely digital and can only be accessed and transferred through digital means. This is one of the reasons why cryptocurrencies are considered to be secure and resistant to counterfeiting, as they cannot be physically replicated or forged like traditional currencies.
  357

  90