Investing bitcoin has many aspects that are still confusing and intangible for investors.
Bitcoin is a digital currency created in 2009 by an unknown person under the pseudonym Satoshi Nakamoto. The currency is decentralized, which means it doesn't belong to any country or company and no government controls it. Instead, bitcoins exist on computers around the world that are constantly competing to solve complex mathematical problems in exchange for new bitcoins.
The first step to investing in bitcoin is understanding how it works. Bitcoin transactions are verified by a network of computers called miners, who compete to solve these problems fast enough so that they can gain the right to add new transactions to their blockchain and receive payments. in bitcoins. The winner of each contest will receive 25 bitcoins, and anyone else who joins receives a reward based on the amount of work each miner does.
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