What is bitcoin & how does it work?

Bitcoin is a decentralized digital currency what this means is that there are

no physical coins or bills and the government doesn’t and can’t

interfere with the operations of bitcoin. Its owners remain

anonymous since its inception and nothing links bitcoin to them

Bitcoin generally uses crypto technology to keep its owners anonymous

Bitcoin works using blockchain technology that lets users make peer-to-peer transactions.

The users get to view the transactions in real-time as they are

secured through encryption but cannot decrypt them

Only the owner can decrypt bitcoin transactions using a private key

Cryptocurrencies are mined using high-powered computers  called mining.

What is bitcoin mining?

Bitcoin mining refers to adding new bitcoin clocks to existing

Blockchains by solving challenging cryptographic puzzles using computers. 

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