Have you ever wondered why Bitcoin is so expensive or how long Bitcoin will last? Bitcoin transactions are recorded and validated by a decentralized network of miners. Miners use computational power to solve complex mathematical puzzles, ensuring the integrity and security of the blockchain. In return, they are rewarded with newly minted bitcoins (block rewards) […]
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Bitcoins
Bitcoin is a virtual currency that is open source P2P money. According to the Bitcom website: “Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and […]
Posted in Business, Finance, Government
Also tagged China, money, Open source P2P money, payment, Satoshi Nakamoto, virtual currency
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