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HOW BITCOIN WORKS

greenotech (18)in #bitcoin • 8 years ago

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To authenticate Bitcoin transactions, a procedure called "mining" takes place, which involves volunteers' computers racing to solve difficult mathematical problems.
For each problem solved, one block of bitcoins is processed. As a reward, the successful miners are given newly generated bitcoins.

#money #knowledge
8 years ago in #bitcoin by greenotech (18)
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    2 votes
    • greenotech
    • watsma3
    Reply 0
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