Cynthia is a nurse educator and Scott is a mechanical engineer. When they are not doing their 9-to-5-gig, they are a science fiction writing team. They have a young son, who provides them with a multitude of exercise and inspiration. They enjoy books, movies and travel. They never miss a San Diego Comic Con and are always on the look out for the perfect sunset.
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How does the bitcoin protocol work?
A person cannot mix indefinite bitcoins. The bitcoin protocol states that there will only be twenty-one million bitcoins to be produced by the miners. These bitcoins will then be subdivided into smaller bits. The smallest bit is called ‘satoshi’ named after the bitcoin founder and the divisible amount is one hundred millionth of a bitcoin.
Bitcoin currency is based on mathematical formulas unlike our conventional currency that is based on gold and silver. Mathematics is used to generate or ‘mine’ bitcoins. The software programs containing these mathematical formulas are made available to everyone. This means that anyone can access these formulas to ensure that it serves its purpose.
Título : Bitcoin: The Ultimate A - Z Of Profitable Bitcoin Trading & Mining Guide Exposed!
EAN : 9781507078853
Editorial : Yap Kee Chong
El libro electrónico Bitcoin: The Ultimate A - Z Of Profitable Bitcoin Trading & Mining Guide Exposed! está en formato ePub
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