What's bitcoin? How to get bitcoin?

in #bitcoin7 years ago

image
Bitcoin, the coin processing technology, sees the biggest increase in recent times. The answer of the Bitcoin question is a "crypto currency" which is in conflict with the real functioning of Bitcoin and the real purpose. How and why is Bitcoin used? How to earn How much money do you have to deposit to get started? Bitcoin is here with all the details!

Bitkoin's reputation is also growing at the same time as the misconceptions about the definition of residuals. Users who see Bitcoin as an investment tool and do not know what bitcoin is or what are not, usually see heavy losses. The mistake is, of course, not about traditional situations like making the wrong move as in the stock market. The error is perceiving Bitcoin as a 'currency' or 'digital currency'. To describe Bitcoin simply; BitCoin is a data processing diet. So every TB data found in the cyber world is turned into money by BitCoin shareholders. Processors in your computer, graphics processors, data exchange in your satellite system, in short, everywhere data is mapped to internet, this data is converted into money. Phone calls included ...

At the beginning of the frequently asked questions; To have a good hard drive you need a graphics card with at least 16 GB of memory and a computer cooling system, because if you want to be a BitCoin shareholder, you need to spend it on a computer. Of course, every plant you use has its own units. 1 e-coin is given different names in different quantities. The units used for bitcoin are 'mBTC' for millibitone; 'μBTC' and 'satoshi' for bit or microbicide. The smallest Bitcoin unit given by Bitcoin creator SatoShin equals 0.00000001 Bitcoin, which is a hundred millionth bitcooled unit.

A millibitron equals 0.001 Bitcoine. A MicroBitCoin is one of a Bitcoin's billionaire and equals 0.000001 Bitcoin. These amounts depend entirely on how many dollars you have purchased.

BITCOIN BLOCKCHAIN ​​WANT TO TECHNOLOGY!
image
Blockchain technology, in fact, all kinds of banking transactions 'transactions' predominantly, any kind of currency can encrypt their own system. Mainly today's information companies; particularly those investing in the financial sector, such as IBM and Dell, are the biggest developers of blockchain technology. It is used to achieve the amount of each bitcoin and independent approval of each owner chain. Each network wedding keeps its own copy of the block chain. A new set of operations accepted approximately 6 times per hour is added to the chain of generated block blocks and immediately broadcast to all nodes. This allows the Bitcoin system to detect when a certain amount of bitcoin is wasted, thus avoiding double-payment mistakes on this system where no central pool exists. The billing record is the unspent output form of the single place transactions where the invoice is recorded but the block chain bitcoins are still recorded.

MOST IMPORTANT: BITCOIN MINING '
image
It's the backbone of Bitcoin. Miners are constantly collecting and approving newly published transactions and directing them to the new transaction groups called blocks, providing the continuity, integrity and unchangeability of the block chain. In fact, Bitcoin's biggest winner is the so-called 'minors'. Each block contains the cryptographic summary function of the previous block using the SHA-256 hash algorithm, which provides concatenation to the previous block and gives the name of the block chain.

To be accepted by the rest of the network, the new block POP (Proof of Work) should be called 'Proof of Work'. The proof of work requires the miners to find a nonce that means a number once used. Thus, when the block content is combined with nonce, the result becomes numerically smaller than the difficulty target. This proof is easy for any node approved in the network, but it takes quite a while to create. For a secure cryptographic summary, miners may need to experiment with many different node values ​​before reaching the goal of difficulty.

DON'T FORGET UPVOTE AND COMMENT!!

Coin Marketplace

STEEM 0.24
TRX 0.26
JST 0.041
BTC 98102.63
ETH 3490.00
USDT 1.00
SBD 3.42