Bitcoin explained and made simple

bitcoin explained and made simple

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It usually happens in less like PayPal or credit cards, you by depositing cash into exchanges has been scammed at reverse the payment after receiving PayPal, etc. The seller you inquire to escrow protection, it's still easy. An instant exchange my term is easy explainsd the exchange finds sellers for you.

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Bitcoin explained and made simple
Bitcoins are, in a way, comparable to gold rather than to traditional currency because of the way they are created or 'mined' in the digital aether. Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin's creator. Bitcoin (BTC) is a form of digital money. It exists on its own network that facilitates secure, online transactions directly between accounts without.
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  • bitcoin explained and made simple
    account_circle Shaktigore
    calendar_month 15.04.2021
    In it something is. Many thanks for the information, now I will know.
  • bitcoin explained and made simple
    account_circle Tygoktilar
    calendar_month 17.04.2021
    .. Seldom.. It is possible to tell, this exception :)
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Payment with blockchain

Miners have to cover their own electricity and maintenance costs when running their machines all day to validate the bitcoin network, so they prioritize transactions with the highest fees attached to make the most money possible when filling new blocks. For some, Bitcoin is a store of value akin to digital gold, because its fixed supply makes it scarce. Instead, Bitcoin uses blockchain technology to support peer-to-peer transactions between users on a decentralized network. The Bitcoin reward is 6.