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what is bitcoin

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  • what is bitcoin

    can some one tell me what is giod and how bitcoin change rhe world

  • #2
    Hi, I understand you fine. I think that for a start, you can study a couple of interesting and useful articles on this subject to finally make sure that this is your business. And then easily and simply switch to NAGA, for example. An entertaining broker that gives a bunch of excellent opportunities for its customers. Here you will open the most different potential, and you can easily cope with trading.


    • #3
      In simple words, Bitcoin is digital money that runs free hand of any central or government monitoring. All bitcoin transaction data are recorded in a public ledger and copies are stored on servers all around the world. If you want to learn more about bitcoin you can visit Are Bitcoin-Backed Mortgages a Good Idea.


      • #4
        Bitcoin is a digital currency that operates without the oversight of any central body or government. Peer-to-peer technology and cryptography are used instead. Every bitcoin transaction is recorded in the general ledger, with copies maintained on servers all over the world. A network is a server that anyone with a free computer may set up. Rather than depending on a centralized source of trust like such a bank, consensus about who owns which coins are obtained cryptographically among these nodes. Every transaction being broadcast to the entire network and distributed across nodes. Miners aggregate these transactions into a group known as a block and add it to the blockchain permanently every 10 minutes or so. Virtual currencies are stored in digital wallets, which may be accessed by client software or a variety of internet and hardware solutions, similar to how traditional coins are kept in physical wallets. Bitcoins are now split into seven decimal places: a milli is a thousandth of a bitcoin, and a satoshi is a 100 millionth of a bitcoin. In reality, there is no such thing as a bitcoin or perhaps a wallet; rather, the network agrees on who owns a currency. When making a transaction, a private key is being used to prove ownership to money to the network while performing a transaction. A "brain wallet" is a notion in which a person may simply remember their private key and use it to retrieve or transfer their virtual money.