How to send and receive Bitcoin

How to Send and Receive Bitcoin

The Bitcoin network can be compared to the internet in terms of its complexity, as it comprises several layers of technology. However, like the internet, a new user does not necessarily need to have technical understanding of these layers to use the network effectively. To send and receive bitcoin, users rely on wallet software and block explorers, which simplify the process and ensure reliability. Similar to how we use a physical wallet to house our debit and credit cards – a digital wallet is used to house the user’s bitcoin which is protected by encrypted code.