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Bitcoin is a decentralized currency. It a peer to peer form of payment that anyone in the world can use. Bitcoins are generated by miners (a miner is anyone who uses hardware like their computer to solve mathematical equations). When a miner/miners solve a block of information bitcoin is generated. This bitcoin is the reward for mining. The bitcoin is then used as currency and spread from person to person. This way there is a certain limit to how much coin is out there, and allows it to be regulated. For more detailed information please watch the video below, or use the links.
WHAT IS BITCOIN? |
LINKS TO LEARN FROMMINING
beginners guide |