How to works  bit coin?

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Avatar for Asif007
4 years ago

All the money in the world has a controlling body, be it money, dollars or any other currency. This work is usually done by the government. But you would be surprised to know that Bitcoin has no such company. Bitcoin is entirely public. No one controls Bitcoin.  Bitcoin continues to do its own thing. When you have bitcoin, this bitcoin will work just like the valuables you keep in your house. Because you will have a secret code when you own Bitcoin. Bitcoin has everything inside that code. That means if someone gets that code, then they own that bitcoinMany people store this code in online services such as Coinbase. However, those who own a lot of bitcoin usually keep this code with them. You have to be very careful while keeping it to yourself. Because once someone gets this code, there is no way to get this bitcoin back.But the biggest thing is that no one will ever be able to cheat with Bitcoin. Because everyone can see how much bitcoin they have in Bitcoin. But even if you can see it, it is not possible to find out who owns that bitcoin. Because as I said before, whoever has bitcoin has only one number. So while everyone can see the issue of bitcoin exchange, it is not possible to understand who actually owns that bitcoin.

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