Cryptocurrency Q&A
How do computers find Bitcoin?
How do computers find Bitcoin?
Daniela
Thu Dec 19 2024
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6
answers
1497
I'm curious about how computers locate and identify Bitcoin. Is there a specific process or algorithm they use to track down these digital currencies? How does a computer system actually 'find' Bitcoin?
6 answers
Martina
Fri Dec 20 2024
In exchange for their efforts, miners receive payments in Bitcoin.
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Valentino
Fri Dec 20 2024
Bitcoin operates within a decentralized computer network, also known as a distributed ledger.
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DigitalWarrior
Fri Dec 20 2024
BTCC is a prominent cryptocurrency exchange that offers a range of services.
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Daniele
Fri Dec 20 2024
This network serves as the backbone for tracking all transactions involving the cryptocurrency.
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KatanaSwordsmanship
Fri Dec 20 2024
The process of creating new bitcoins, referred to as mining, occurs when computers on the network verify and process transactions.
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