Whats Is Bitcoin And How Bitcoin Works?

Bitcoin is Virtual cryptocurrency founded in 2008 and currency began use in 2009.Bitcoin is invented by an unknown group of people using the name satoshi Nakamoto.

Bitcoin uses peer-to-peer technology to operate with no central authority or banks; Bitcoin is a decentralized currency. managing transactions and the issuing of bitcoins is carried out collectively by the network. All the transactions are verified by millions of network nodes through cryptography and recorded in a public distributed ledger called a blockchain .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.we can earn bitcoin as a reward by mining.Bitcoin can be exchanged for other products and currency.

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