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How Does Bitcoin Work + richminer.com
from richminer
How Does Bitcoin Work + richminer.com
Bitcoin is a decentralized digital currency that operates without a central bank or administrator. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open-source software in 2009. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins can be obtained by mining, which involves solving complex mathematical problems to verify transactions and add new blocks to the blockchain. This process also creates new bitcoins. Miners are rewarded with transaction fees and newly created bitcoins for their efforts. To get started with Bitcoin mining, you can visit https://richminer.com to learn more about the process and how to set up your own mining rig.
