We all know Bitcoin is trading all over the market nowadays, but do you know what Bitcoin really is?
It is the first decentralized digital currency launched in 2009. Backed by the blockchain technology, it enables transactions to be made without middlemen which lead to lower cost. Transactions can be made anonymously and records are stored in the distributed ledger. Payment of Bitcoin can be used in different areas of life. You can gain Bitcoin by purchasing it or being rewarded through “Mining”. Bitcoin needs to verify the transactions by solving mathematical puzzles. After puzzle are solved Bitcoin will be rewarded and this is “Mining” Bitcoin.
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