How Does Bitcoin Work? A Detailed Review of the Most Popular Coin
2017 can be surely called the year of cryptocurrency. It was last year when their existence became known to the general public. At the moment there are more than a thousand different coins. Most of the credit, of course, belongs to Bitcoin. Demand for Bitcoin is quite large, even if we take into account the current drop of the course. In this article we will explain how cryptocurrency is arranged, how it is mined, and we need it in general. We will take the most popular coin - Bitcoin - as an example. Contents: (please click the topic to scroll down to it)
- What are cryptocurrencies and why do we need them?
- What is Bitcoin transaction or how is Bitcoin transferred?
- How does a Bitcoin farm work or where do new coins come from?
- How to use Bitcoins?