What is "Bitcoin" how does it work?
Bitcoin is a cryptocurrency and a digital payment system invented by Satoshi Nakamoto, who released it in 2009. Users can transact directly without an intermediary. Transactions are verified by network nodes and recorded in a public distributed ledger called the block chain.
Over 100,000 merchants and vendors accept bitcoin as payment. In 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
According to The Wall Street Journal, as of April 2016 [update], bitcoin is starting to look slightly more stable than gold.
On 3 March 2017, the price of a bitcoin surpassed the market value of an ounce of gold for the first time as its price surged to an all-time high of over $3000.00 per unit.
Join the modern day "gold rush" and earn bitcoins by putting your computer to work for you by "mining". Mining is a record-keeping service.
Miners keep the transactions consistent, complete, and unalterable by repeatedly verifying newly broadcast transactions.
In other words, in order to earn Bitcoins, your computer calculates math problems by lending it to the network and you are rewarded for your efforts.
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