The technological design of this virtual currency is transferred through a peer to peer network that enjoys the advantage, as already mentioned, of not having an authority that records transactions or issues money. To this is also added the difficulty of tracing the identity of the transfer, since they are encrypted.
To begin to understand how Bitcoin is used, you must first know some basic concepts of how it works. The most important thing is that to obtain a Bitcoin, the user must use a program called "Bitcon miner", which uses the power of video cards (GPU) to solve calculations of transaction blocks as challenges, which in case of solving them, the user gets 50 BTCs (Bitcoin).
After generating such profit, these amounts can be exchanged for physical money or for services that accept this currency. The value of a Bitcoin compared to other currencies varies depending on the supply and demand generated by users who want BTC.
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