BITCOIN GENERALITIES 

HOW DOES BITCOIN WORK

UNLIKE NORMAL (FIAT) CURRENCIES, BITCOIN doesn’t have a central bank or a backing of a national government. Instead, it is regulated by complex algorithms with new coins being mined when computers solve complex equations. All this number crunching is tracked by the blockchain, a public ledger of all transactions which is distributed meaning there is no central point of the network that can be shut down. It’s perhaps analogate to file sharing protocol Bittorrent. You can obtain bitcoin by mining them yourself of buying them from an exchange but for…

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BITCOIN GENERALITIES 

Making Bitcoin Easier to Use

As you probably have already figured out, Bitcoin is going to be a complicated platform for you to know. You are going to have to practice a lot and make sure that you are having a lot of patience so that you can find the proper mining pool and wallet that is going to give you everything that you are looking for. If you do not locate the wallet or pool that is going to meet all of your wants and needs, then you are better off waiting and doing…

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