What is the Bitcoin ?
Bitcoin may be a digital plus and a payment system. it's unremarkably referred to as a redistributed digital currency.
it absolutely was fictitious by Satoshi Nakamoto in 2009.
it's associate open supply code. This means, that not everybody, company or country owns this network similar to nobody owns the net.
The system is peer-to-peer, that is, users will interact directly while not associate mediator sort of a bank, a mastercard company or a financial institution.
Transactions square measure verified by network nodes and recorded in an exceedingly public distributed ledger referred to as the blockchain.
explore the history of bitcoin.
Bitcoin Mining
similar to anyone will be a part of the net, anyone will facilitate to verify and record payments into the block chain. This method is termed mining.
In mining, users supply their computing power.
Miners square measure rewarded with recently created bitcoins and group action fees.
Currently, miners receive twelve.5 bitcoins each ten minutes. This halves each four years. following halving can happen in mid-2020.