It's more like a stock market where no third party is involved no intervention , this is just a currency that was created back in 2009 to relieve everyone from the dominance of banks .
Well what you said that mutual understanding one it's not wrong but at the same time it's not practical ...it's very complex than that..
Consider it as a private stock shares based on blockchain because the deeper you go the more complex it will get ..
Topic: HOW DOES BITCOIN WORKS? - page 2. (Read 335 times)
A bitcoin transaction is an exchange of value between Bitcoin wallets that gets incorporated into the chain. Bitcoin wallets keep a mystery bit of information called a private key, which is utilized to sign transactions, giving a numerical verification that they have originated from the proprietor of the wallet. The key is likewise keeps the transaction from being modified by anyone once it has been issued. All transactions are communicated amongst clients and more often than not start to be affirmed by the system in the next couple of minutes, through a procedure called mining .
My understanding of BTC is a huge public ledger.
Put all the bills together to form a single chain.
Each transaction and mining revenue is lengthening the chain.
And then each transaction, the two trading ends are going to have to process this chain and then add it to it.
Put all the bills together to form a single chain.
Each transaction and mining revenue is lengthening the chain.
And then each transaction, the two trading ends are going to have to process this chain and then add it to it.
There is a lot of misunderstanding and confusion when it comes to bitcoin. Mainly because it is relatively new and now it became popular in the mainstream media there have been lot of here say of how the bitcoin works.
I am new when it come to bitcoin but I have read some articles about it. This is basically what I understand correct me please if I am wrong
I have read that it is not a code or a data that can be stored and downloaded but it is more like a mutual agreement. Is that right?
I am new when it come to bitcoin but I have read some articles about it. This is basically what I understand correct me please if I am wrong
I have read that it is not a code or a data that can be stored and downloaded but it is more like a mutual agreement. Is that right?
If you want to earn the bitcoin I do not think you need a certain domain knowledge mate. Please invest your find on any trading platform, mining and etc... There are some article books has been shared on the online medium. We may buy anyone among them.
I always suggest the video called rise and rise of bitcoins.
If they want a book or article, ,mastering in bitcoin will works better than anytime.
There is a lot of misunderstanding and confusion when it comes to bitcoin. Mainly because it is relatively new and now it became popular in the mainstream media there have been lot of here say of how the bitcoin works.
I am new when it come to bitcoin but I have read some articles about it. This is basically what I understand correct me please if I am wrong
I have read that it is not a code or a data that can be stored and downloaded but it is more like a mutual agreement. Is that right?
I am new when it come to bitcoin but I have read some articles about it. This is basically what I understand correct me please if I am wrong
I have read that it is not a code or a data that can be stored and downloaded but it is more like a mutual agreement. Is that right?
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