What is the strategy behind Bitcoin?
Are you eager to know how bitcoin works? Then here is a bit solution to describe you how bitcoin works along the network.
- Bitcoins are worldwide decentralized peer-to-peer network.
- Miners create Bitcoins to solve mathematical functions.
- Bitcoin exchanges will trade betweens conventional currencies and Bitcoin.
- Business creates a wallet to enable a Bitcoin payment.
- Users download a Bitcoin “Wallet” that works as an email address providing a way to store and receive currency.
- Transferring is possible in Bitcoins from one wallet to another using a web browser.