Virtual Currency Unit: BTC
Bitcoin is a virtual currency that operates on a Peer-To-Peer (P2P) network where users make transactions with each other.
Transactions are verified via the nodes on the Bitcoin network, and are recorded on the Blockchain.
This verification operation is called “Mining”. ”Miners” can receive transaction handling fees and newly issued Bitcoin as compensation for carrying out this verification work.
Comments
0 comments
Article is closed for comments.