Simple steps to a profitable
What is cryptocurrency? It acts like paper money and gold before it, bitcoin for instance is a currency that allows parties to exchange value. Unlike its predecessors cryptocurrency is digital and decentralized. For the first time in history, people can exchange value without intermediaries, which translates to greater control of funds and lower fees. Bitcoin mechanism: The blockchain
- Bitcoin uses public-key cryptography, peer-to-peer networking, and proof-of-work to process and verify payments.
- They are sent (or signed over) from one address to another with each user potentially having many, many addresses.
- Each payment transaction is broadcast to the network and included in the blockchain so that the included bitcoins cannot be spent twice.
- After an hour or two, each transaction is locked in time by the massive amount of processing power that continues to extend the blockchain.
WHAT IS BITCOIN? The world's first global currency and asset.
Our Bitcoin Community is eager to hear about you!
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