--> Blogger Tricks

Monday, December 30, 2013

Widgets

What is Bitcoin? How to earn them?

Views:
Bitcoin is a peer-to-peer payment network and digital currency based on an open source protocol, which makes use of a public transaction log. Bitcoin was introduced in 2009 by pseudonymous developer Satoshi Nakamoto. It is called a cryptocurrency as it uses public-key cryptography. When paying with bitcoin, there will be no exchange of digital notes or tokens between buyer and seller. Instead, the buyer requests an update to a public transaction log, the blockchain. This master list of all transactions shows who owns what bitcoins currently and in the past and is maintained by a decentralized network that verifies and timestamps payments.  The operators of this network, known as "miners", are rewarded with transaction fees and newly minted bitcoins.


Comments
0 Blogger Comments

About Us


Hi! We are the vBLogger Lab Team. Freelance Blogger and an addicted Web Developer.
Thanks to all Followers and our lovely Visitors...Read More

vBloggerLab Stats

Widgets for Blogger

Followers

Don't Forget To Join US Our Community
×