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What is Bitcoin?

Bitcoin is a consensual network that enables a new payment system and a fully digital currency. It is the first peer decentralized network driven by its users pay no central authority or intermediaries. From a user standpoint, as Bitcoin is Internet money. Bitcoin may be the only existing triple accounting system.

How does Bitcoin?

From a user perspective, Bitcoin is nothing more than a mobile or desktop application that provides a Bitcoin wallet personnel and allows the user to send and receive bitcoins with. This is how Bitcoin works for most users. Behind the scenes, the Bitcoin network shares a public accounting called "block chain". Such records containing each transaction processed, allowing verify the validity of each transaction. The authenticity of each transaction is protected by corresponding shipping addresses digital signatures, allowing all users have full control from sending Bitcoins Bitcoin addresses. In addition, anyone can process a transaction using the computational power of specialized hardware and get a reward for this service Bitcoins. This is commonly called "mining" or mining. To learn more about Bitcoin, you can consult the page dedicated and original.