WHAT IS BITCOIN? Peel Finished Bitcoin !
In Bitcoin Wikipedia it is a digital money that was developed in 2009 by someone with a pseudonym Satoshi Nakamoto.
Bitcoin is one of the first implementations of what is called cryptocurrency. Bitcoin uses databases that are distributed and spread to nodes from a peer-to-peer network to transaction journals, and use cryptography or branches of mathematics that make it possible to make mathematical proof with a high level of security to provide basic security functions, such as ensure that bitcoin-bitcoin can only be spent by the person who owns it, and should never be done more than once. This bitcoin can be sent via the internet to anyone who has a bitcoin address. A Bitcoin address is like a physical address or email.
The bitcoin address is the only information that needs to be given to people who want to pay with bitcoin. The bit itself is a common unit for determining a sub-unit of one bitcoin - 1,000,000 bits equivalent to 1 bitcoin (BTC).
in bitcoin itself has a block that is a record in blocks that contain and confirm the transaction queue. On average every 10 minutes, a new block containing many transactions is added to the block chain through miners. The design of Bitcoin itself allows for ownership without identity and transfer of wealth. This bitcoin-bitcoin can be stored on a personal computer in a wallet file format or stored in a third party wallet service.
In order for us to be clearer about bitcoin, we need to explain about how to mine Bitcoin.
Miners or commonly called bitcoin miners can get bitcoin by processing data to solve a certain algorithm. To get coins, miners must run scripts to verify transaction data stored in a block commonly referred to as blockchain. Well, who succeeded, then this bitcoin will be obtained. Usually around 10 minutes there are 12.5 bitcoins created. And this number can change.
After knowing how bitcoin works and what is bitcoin, now we enter the law of bitcoin.