Bitcoin (Part 2)

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Published on June 29, 2023 2:15:44 PM ● Video Link: https://www.youtube.com/watch?v=qItz6DmFsLg

Duration: 0:57

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Bitcoin is often referred to as a cryptocurrency because it uses cryptographic techniques to secure transactions and control the creation of new units. The total supply of Bitcoin is limited to 21 million coins, and new bitcoins are created through a process called mining. Miners use specialized hardware to solve complex mathematical problems, and when they find a solution, they are rewarded with newly minted bitcoins.

One of the key features of Bitcoin is its decentralization. The blockchain technology ensures that transactions are recorded transparently and cannot be easily altered. This makes Bitcoin resistant to censorship and manipulation. Additionally, Bitcoin transactions are typically pseudonymous, meaning that users can transact without revealing their real-world identities.
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Bitcoin, cryptocurrency, blockchain

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