Basics of Bitcoin for BEGINNERS! | What is Bitcoin or a crypto currency??

in bitcoin •  3 years ago 

Bitcoins for BEGINNERS!

  1. A digital currency for exchange.
  2. Money goes into virtual wallet.
  3. No person or government is in control.
  4. Public and private keys are used in each transaction for security.
  5. It allows to avoid those big wire transfer fees.
  6. It uses blockchain to keep track of transactions in the online ledger.
  7. First possible worldwide currency.
  8. "Miners" create Bitcoins by solving insanely complex math problems.
  9. Miners make Bitcoins for doing this complex work.
  10. There are finite amount of Bitcoins.
  11. Investments are available.
bitcoin crypto metaverse
3 years ago by

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