How to be clear about the technology involved in Bitcoin?
When this
announcement of the Bitcoin was made in the year 2008 the person has clearly
made a statement that its created based on the peer to peer cash system and
that was going to be completely an electronic kind of communication. The goal
of this Bitcoin is to invent
something which many people have failed to create the digital cash so the
Bitcoin was released and electronic cash system was to mainly focus on how to
avoid or prevent the concept of double spending. This is completely a
decentralized process and there is no server and no kind of Central authority
happens over there. So Bitcoin has been introduced yet many across the world do
not know how it actually works or what kind of change is going to bring in the
financial system.
For more information click on this link #Cryptocurrency.
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