Learn About Bitcoin

Bitcoin is an entirely digital currency done in a way never before seen. Based on open source code, Bitcoin is decentralized and all transactions are completely peer-to-peer – there are no middlemen such as banks or payment processors. Bitcoin transactions happen in seconds and are extremely cheap – there is a flat fee of about $0.05 to send Bitcoin to ...

Bitcoin “mining” is the process by which new Bitcoins enter circulation, and is actually the process that verifies transactions and secures the Bitcoin network. Bitcoin is setup in a genius way. Being decentralized, how does the system incentivize individuals to contribute their computing power to bolster the network? The answer is by rewarding Bitcoin miners by giving them a batch ...

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