How is the "Bitcoin" virtual currency produced?




During the past few months, many news about the virtual "Bitcoin" currency have spread, and this is after the significant increase in its market value and price, as it reached 17 thousand US dollars earlier this month, but there are many questions that still baffle some, The most prominent of which is how Bitcoin is produced.

 


Bitcoin production method
Bitcoin can be produced from anywhere in the world through a process called "mining".

This process requires a long time, a strong computer, and a program dedicated to mining, which is downloaded for free from the Internet.

- The program processes complex algorithms and after that the coin is issued.

The difficulty of the operation depends on the speed and power of the device.

The currency is exchanged between one person and another through a cryptographic key.

 

It is worth noting that the value of Bitcoin now reaches one billion and 200 million dollars, and there are more than 1000 sites on the Internet that accept payment, such as stores, companies and many restaurants.
Share:

No comments:

Post a Comment

Categories

Ordered List

  1. Lorem ipsum dolor sit amet, consectetuer adipiscing elit.
  2. Aliquam tincidunt mauris eu risus.
  3. Vestibulum auctor dapibus neque.

Sample Text

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation test link ullamco laboris nisi ut aliquip ex ea commodo consequat.

Definition List

Definition list
Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.
Lorem ipsum dolor sit amet
Consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.

Support

Need our help to upload or customize this blogger template? Contact me with details about the theme customization you need.