How bitcoins work in 2 minutes

3 years ago
4

Free Bitcoin mining - https://timebucks.com/?refID=214768839

Understanding and using it isn't as hard as it may seem to be.

Bitcoin is an open source solution run on a peer-to-peer network, so no one 'owns' it. Transactions are recorded on a public ledger distributed over the network. ... Peers contribute computer processor power in exchange for bitcoins. This 'protection of the ledger' process is called 'mining'.

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