Search Main Menu Home Blog Bitcoin Blockchain Altcoins Ethereum Podcasts Regulations Mining Introduction to Bitcoin and the Blockchain As the world becomes more digitized, the concept of money is also evolving. Bitcoin is a digital currency that has been making waves in the financial world since its inception in 2009. But what sets it apart from traditional currencies? It’s the technology behind it: the blockchain.
Bitcoin is a decentralized currency that operates without a central authority. Instead, transactions are verified and processed by a network of computers around the world. This network is called the blockchain. The blockchain is a distributed ledger that records all bitcoin transactions. It is constantly growing as new transactions are added, forming a chain of blocks.
Bitcoin mining is the process by which new bitcoins are created and transactions are verified. Miners use powerful computers to solve complex mathematical problems and are rewarded with new bitcoins. The mining process is designed to be difficult, so that the creation of new bitcoins is controlled and limited.