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Sorting Box / Re: How Does Bitcoin Work?
« on: December 18, 2021, 09:27:54 PM »
Literally, each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies or undo-ing transactions. It's also considered to be the next-gen currency, which in theory can replace the existed system of currnecy exchange.
This makes it possible to trace the history of Bitcoins to stop people from spending coins they do not own, making copies or undo-ing transactions. It's also considered to be the next-gen currency, which in theory can replace the existed system of currnecy exchange.