Bitcoin is a new digital currency that can be traded for goods and services in many different ways.
It can be used as a payment method in places like online shopping and as a form of currency in countries where its use is illegal.
Here’s what you need to know about the cryptocurrency.
What is Bitcoin?
Bitcoin is an online currency, which means that the value of a transaction is stored in the network.
The network of computers that run Bitcoin are known as “miners” who verify transactions and make it possible for anyone to send and receive Bitcoins.
The currency is created through a process known as mining.
When someone mines a new Bitcoin block, they create a new copy of the blockchain.
In order to transfer Bitcoins, people must first make a transaction using their Bitcoin wallet to send Bitcoins to a Bitcoin address.
The transaction must be accepted by the Bitcoin network, which is a collection of computers which can be run by anyone.
A Bitcoin transaction can be confirmed by miners who verify the transaction.
Transactions that are accepted by Bitcoin miners include: sending Bitcoins to one of the wallets