Explaining Bitcoin For Dummies

What is Bitcoin?  Bitcoin Explained Simply for DummiesAs more transactions are executed, more Bitcoins flow into the virtual money supply. The "reward" miners get will reduces every 4 years until Bitcoin production will.

11 Jul 2018.

So, in this analogy I will equal Bitcoin to Gold to give you a better understanding as to how this all works and why it's called Bitcoin mining.

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An Example of The Bitcoin Network In Action.

Each has a different function and understanding how they.