![]() To make it easier to safe keep for the regular users, there are many digital wallet providers, each one with its dedicated address where you can receive BTC.Īs mentioned above, Bitcoin is based on open-source technology, and many developers have contributed and continue working on the protocol on a daily basis. The cryptocurrency can be stored in digital addresses that are spread throughout the Internet. The consensus algorithm that powers Bitcoin’s blockchain (also commonly referred to as distributed ledger technology) is called Proof of Work. Any changes to it can only happen following a majority consensus. Known as blockchain, this technology is also fully transparent and immutable. It relies on open-source and peer-to-peer software and cryptography. ![]() Bitcoin’s price is determined by the free market, subject to supply and demand.īuilt on a decentralized network, Bitcoin operates free of any central control, including but not limited to bank or government oversight. ![]() Among other things, this means that it is entirely computerized and doesn’t exist in a physical form.īitcoin can be sent quickly and securely from any point in the world, and you only need an internet connection. Bitcoin is the first-ever decentralized global digital currency.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |