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Know about working of bitcoin and tips to make money

11 May Know about working of bitcoin and tips to make money

Posted at 07:18h in Bitcoin News by


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Bitcoin is the first cryptocurrency created and marketed. Its symbol is ฿, and BTC or XBT is also used in the markets.

How Bitcoins work

It is a digital technology that allows us to reproduce in electronic payments the efficiency of payments with paper bills. Bitcoin payments are fast, cheap and without intermediaries. In addition, they can be made for anyone, anywhere in the world, with no minimum or maximum value. ”

The technology that makes bitcoin work, i.e. the blockchain works in such a way as it behaves like a digitalized management currency.

On the contrary, in the case of bitcoins, coins are stored in gigantic shared databases (i.e. physically installed on several computers connected to the internet), and through advanced encryption systems they make it possible to trace transactions, generate new coins, distribute them to owners and make transactions.

The private key in P2P technology is however used to make it possible to…

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