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A simple explanation of how blockchain works | by Paul ... from miro.medium.com The block chain is a shared public ledger on which the entire bitcoin network relies. Bitcoin is a digital cash. So what is bitcoin and how does it work? All confirmed transactions are included in the block chain. This article exists to help you understand what bitcoin is. This is a question often surrounded by confusion, so here's a quick explanation! Have you ever tried to explain what is bitcoin to your parents or grandparents? In any currency, you need to be able to keep track of transactions;
It does not rely on a central server to process transactions or store funds.
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I guess it's really the same, whether i'm giving you a banana, a book, a quarter, or a dollar bill … Bitcoin is one of the leading cryptocurrencies and many have invested in recent years. This article exists to help you understand what bitcoin is. It works just like your online wallets. What is bitcoin mining and who are bitcoin miners ?
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I'll let you know about cool website updates, or if something seriously interesting happens in bitcoin.
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What affects bitcoin price and what is it used for? Just as easy as it is to be an audience member, it's easy to become a miner. So what is bitcoin and how does it work? Bitcoins are mined by computers around the world, as incentive for validating transactions. All confirmed transactions are included in the block chain.
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You can send money in your online wallet to your friends, buy stuff online and offline.
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