Bitcoin and Bitcoin mining in my words.

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Avatar for Alisha9
2 years ago

Bitcoin is the type of cryptocurrency because cryptocurrency use cryptography to make Bitcoin secure. There's no physical Bitcoin. If you are thinking that you will invest money and buy Bitcoin in coins then you are totally wrong because Bitcoin is not in the coin form but it's the digital currency in which you can invest your money.

Bitcoin Mining in people's thinking.⛏️

You also might be thinking that Bitcoin mining is also done like labour are doing in coal mining but in that you are totally wrong.

In Bitcoin mining there's no work of labour to mine Bitcoin but the variety of hardware and software are used to mine Bitcoin. Many computer chips are used in that hardware's some are called application specific integrated circuit (AISC) and more advanced programing and processing units such as graphics processing units which are called (GPU).

Bitcoin Mining in original picture.

Bitcoin Mining is the process by which Bitcoin is released into circulation

Hope you would like my article. It's my first article here. #Alisha9

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2 years ago

Comments

So people can only trade using Bitcoin to Bitcoin?

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2 years ago

Read the article first sir. I have defined Bitcoin and Bitcoin mining but I didn't know what you want.

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2 years ago