What is Bitcoin Technology?
Bitcoin is a new alternative to money that is available in the form of digital money without any kind of centralized management or any kind of supervision from the bank or subjected to any kind of government regulation. It makes use of encryption and peer to peer software, moreover, the transactions are recorded and stored over a public accounting ledger. The copies of the information are stored on bitcoins servers that are accessible all over the world. Any user can use an additional system for installing the servers of bitcoin which are referred to as nodes. Cryptographically, these nodes are not relying on any particular source unlike a bank.Continue reading “What is Bitcoin Technology?”