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Not How Bitcoin Network Works! Bitcoin Blocks Are Not Chunks Of Bitcoins! ColdFusion Tv Got It Wrong
@ColdFusion #bitcoin #bitcoinmining #bitcoinnetworks
Just stumbled upon a video on Bitcoin by #coldfusion tv channel and noticed a basic factual error in their explanation on how bitcoin blocks are formed.
The ColdFusion video explains how bitcoin miners mine bitcoins in chunks called blocks. Bitcoin blocks are not chunks of Bitcoins, blocks on Bitcoin network or any other blockchain such as Ethereum, Cardano, Solana, BNB, Polkadot etc are set of transactions verified and validated by miners for which the network rewards the miners with native currency of that blockchain.
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Disclaimer: Crypto assets are high risk assets. Nothing said in this video is financial advice. I am not financial advisor, please always do your own research before investing into any crypto project.
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