July 07th, 2024

How Does bitcoin Work?

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Akshat Gupta
3 years ago Selected
A bitcoin is basically a computer file that is stored in a 'digital wallet' app on a smartphone or computer. People can send bitcoins to your digital wallet, and you can send bitcoins to other people. In this, every single transaction is recorded in a public list called a blockchain. This makes it possible to trace the history of bitcoins to prevent people from spending coins they don't have.
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