HOW does BITCOIN Work? 2022

I discuss in this video if Bitcoin and cryptocurrencies are the future or are they a scam?

This is a video guide all about Cryptocurrency for beginners.

I break down bitcoin and cryptocurrency in general. I give give you an explanation, so by the end of the video, you will understand this hot topic.

Cryptocurrency may seem like a difficult concept to wrap your head around, yet it’s actually way simpler than most people think.

Using bitcoin, you can send and also receive the bitcoin value directly to anyone around the world, anytime.

The bitcoin blockchain is basically a live, running ledger of all the bitcoin transactions.

Each time a bitcoin transaction occurs, that data is transferred throughout the network of computers.

Bitcoin transactions are verified and broadcasted to the network via a process called mining and this process is completed by miners.

Miners are these people or pools of people that use computers with bitcoin software installed on them to maintain the bitcoin blockchain.

And mining rewards are a combination of newly minted bitcoins that were not previously circulating, and transaction fees of bitcoin that were already circulating.

#bitcoin #crypto #cryptocurrency #WhatIsbitcoin #TheFuture #Scam

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Видео HOW does BITCOIN Work? 2022 канала Vitiligo Talks