Bitcoin: The Ultimate A - Z of Profitable Bitcoin Trading & Mining Guide Exposed cover art

Bitcoin: The Ultimate A - Z of Profitable Bitcoin Trading & Mining Guide Exposed

The Blokehead Success Series

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Bitcoin: The Ultimate A - Z of Profitable Bitcoin Trading & Mining Guide Exposed

By: The Blokehead
Narrated by: Chris Brinkley
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About this listen

How does the bitcoin protocol work? A person cannot mix indefinite bitcoins. The bitcoin protocol states that there will only be 21 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 100 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.

©2014 Yap Kee Chong (P)2014 Yap Kee Chong Cryptocurrency Encryption Investing & Trading Personal Finance Security & Encryption Computer Security
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