Bitcoin Mining Basics

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Bitcoin has gradually proven to be a crucial element of the current financial times especially with the increased reliance on technology in all fields around the globe. This currency has gained much popularity and is being used in many transactions including purchasing of other cryptocurrencies. It currently tops the list of the most profitable and popular digital currencies in the world.

Bitcoin is a decentralized virtual currency and unlike fiat currency, doesn’t have a central governing body; this currency is not controlled by anybody and is not generated depending on the decisions made by any country. Bitcoin runs on a public network; there, users carry out transactions that other users can follow making it very transparent. These transactions are spread along the network by Nodes which ensure that all parties involved are aware of any transaction taking place.

This information brings out a critical question that anyone interested in this cryptocurrency asks. Where do Bitcoins come from?


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