The story of bitcoin and cryptocurrencies or virtual money is completely current today. Today I will write about what bitcoin is and how it works and many other issues.
Basically, bitcoin is a currency like any other value contains British funds, the US dollar or the euro, but there is one very significant difference, which is completely decentralized. This means that in the case of the above-mentioned values, all transactions are controlled and detected in the central server system. If you want to change money for another person, it must be changed through the central system, while for other bitcoins. If you want to look for money in cryptocurrency, it goes directly to that person and thus raises awareness of all the possibilities of mediation in your transaction.
Advantages of bitcoin
Is cryptocurrency good or bad? The system works most normally and should not be mixed, right? In order to be able to have a decentralized system of transactions and to be able to send money accounts directly to others, they saved a lot of banknotes that banks and the post office have to pay today to prove new transactions. We can use Bitcoin anywhere in the world, which is a big plus for those who like to travel full, buy online, or buy a lot of money on commission online. The most interesting thing for everyone is that no institution can block or freeze your account.
How bitcoin works
The easiest way is to exchange any other currency for it. Another way is mining, bitcoin mining means using special software that uses our hardware to solve incredibly complex mathematical problems to earn bitcoin.Bitcoin is a cryptocurrency, which means that it is encrypted in such a way that it cannot be copied and duplicated. If you could copy or duplicate, you should determine the value in a short time. Bitcoin works through a block cein system, a block cein system is what, as a person who wants to buy something with Bitcoin, prevents us from buying something else with the same bitcoin, which guarantees the seller that he will get his bitcoin. If this system didn't exist, we could buy a bunch of things with the same bitcoins, but only one person could get bitcoins.
How bitcoin is obtained
The easiest way is to exchange any other currency for it. Another way is to manage, handling bitcoin means using special software that uses our hardware to solve incredibly complex mathematical problems in order to earn bitcoin. As of today, 1 bitcoin is worth 15,912.76 euros
Great article about Bitcoin. In recent days, its price has skyrocketed, it will reach the projected $ 20,000 by the new year, I'm sure