A favorite of the recent period, is actually called the crypto currency system. Those who are curious about the ain blockchain birim currency that is not yet fully supported by law as an investment tool in the world …
Coin (symbol: ฿, abbreviation: BTC) can be used by any central bank, government agency, etc. is an electronic currency not affiliated with. It can be divided into units up to 100 millionth after the comma. It is also the most widely used currency in the Deep Network.
WHEN WAS BITCOIN OUTPUT?
The network was launched on January 3, 2009. The author of the manifesto is Satoshi Nakamoto, but probably not his real name. The maximum number of is limited to 21 million. As of July 22, 2013, the total value of in circulation reached $ 1.2 billion, and as of June 4, 2014, it reached $ 8.2 billion.
HOW DOES BITCOIN WORK?
Which are not produced from any center, have a point-to-point distributed network similar to Bittorent networks. Payments made in this network reach other points instantly, so that records from which address to which address is paid.
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Thus, the collected records are located in the structures called blocks. By applying a hash algorithm that requires high processing on each block, it is desired to find the expression starting with a certain zero number. The first user who performs this operation, which corresponds to approximately every 10 minutes, is awarded 50 BTC (currently 25 BTC) from zero. Thus, are emitted.
HOW TO DO BITCOIN MINING?
The process of creating money is called mining. Mining is the general name of the process of performing mathematical operations using the power and power of calculation. In order to perform these operations, the nodes in the network that perform intensive processing power on their hardware (usually graphics cards) by downloading the offered bitcoin software are called “miners”