The Most Common Bitcoin Questions.

  • Bitcoin is a digital currency, a distributed ledger system that records transactions in a distributed ledger called a blockchain.
  • To verify groups of transactions called blocks, bitcoin miners use complex computing systems to solve complicated puzzles. The successful addition of these blocks to the blockchain record is rewarded with a small number of bitcoins.
  • The Bitcoin market also allows other participants to purchase or sell tokens via cryptocurrency exchanges or peer-to-peer transactions.
  • Bitcoin ledgers are protected against fraud by a trustless system — cryptocurrency exchanges also strive to protect themselves against potential theft, although notable thefts have occurred.

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Aneela Hameed

Aneela Hameed

Writer, speaker, and marketing expert.