How does btc work?

1 answers

• Jun 09, 2022 · 3 years ago
  Bitcoin (btc) is a digital currency that operates on a technology called blockchain. It allows users to send and receive transactions without the need for intermediaries like banks. The blockchain is a decentralized and transparent ledger that records all transactions. Bitcoin transactions are verified by a network of computers called miners, who compete to solve complex mathematical problems. Once a problem is solved, the miner adds a new block to the blockchain and is rewarded with newly minted bitcoins. This process, known as mining, ensures the security and integrity of the Bitcoin network. Bitcoin transactions are pseudonymous, meaning that while the transactions are recorded on the blockchain, the identities of the users involved are not directly linked to their real-world identities. This provides a certain level of privacy and security. Overall, Bitcoin offers a decentralized and secure way to transfer value globally.
  939

  470