Bitcoin is a digital currency that we all know. But ho it works and keeps running. Bitcoin is a first digital currency to use peer to peer technology that gives instant payment transactions to its users.
It is a decentalized currency which is not governed by any central body or individual.
Bitcoin is mined by the miners or the group of miners a process is known as pool mining. For every block generated by the miner, he receives the reward and the transaction fee in the form of bitcoin. The smallest unit in bitcoin is called as Satoshi.
The process of mining is a solving of numeric equations which gradually becomes difficult on ever block generation. The every new block generated through mining is added to the blockchain. The reward for generation every new block is received by a miner in a for of bitcoin. The first reward given to the miner was of 50 bitcoin in the year 2009. IN every four years this reward is cut in the half which is the process known as 'Bitcoin halving."
Bitcoin is operated on the network called blockchain technology.The blockchain technology is a public ledger that has the record for every transaction and generated block.
The person can easily buy and sell bitcoin in India and other countries now. The generation of bitcoin and adaptation is increasing gradually. The awareness is spread all over the countries even in which it is yet to be legalized like Russia and India with the best bitcoin exchange in India. The bitcoin exchange in India gives the user a best bitcoin rate in the market. You can trust them and buy bitcoin in India.
It is a decentalized currency which is not governed by any central body or individual.
Bitcoin is mined by the miners or the group of miners a process is known as pool mining. For every block generated by the miner, he receives the reward and the transaction fee in the form of bitcoin. The smallest unit in bitcoin is called as Satoshi.
The process of mining is a solving of numeric equations which gradually becomes difficult on ever block generation. The every new block generated through mining is added to the blockchain. The reward for generation every new block is received by a miner in a for of bitcoin. The first reward given to the miner was of 50 bitcoin in the year 2009. IN every four years this reward is cut in the half which is the process known as 'Bitcoin halving."
Bitcoin is operated on the network called blockchain technology.The blockchain technology is a public ledger that has the record for every transaction and generated block.
The person can easily buy and sell bitcoin in India and other countries now. The generation of bitcoin and adaptation is increasing gradually. The awareness is spread all over the countries even in which it is yet to be legalized like Russia and India with the best bitcoin exchange in India. The bitcoin exchange in India gives the user a best bitcoin rate in the market. You can trust them and buy bitcoin in India.
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