Saturday, December 20
How Bitcoin System Works? – Mining Bitcoins
with Personal Computer
Last time we had seen how fake Bitcoin Money Adder software’s are luring people into SCAM. On the contrary, BitCoins cannot be earned with Software’s that promise Instant Bitcoin Money without doing any Work. In this post we will see how exactly Bitcoin System works and how you can earn Bitcoins.Bitcoin is a virtual currency that uses a peer-to-peer system to confirm transactions through public key cryptography Model, which maintains records of every single transaction and fairly transparent. Bitcoin is not issued or backed by a government or a business, it runs on computer code on a decentralized network.With the Increasing popularity of Bitcoin and being pretty hard to Mine, Users are adopting unethical ways to mine them and hackers are continuously targeting the network to hack the Mining pools. Let us see how Bitcoin Works and the legitmet ways to Mine(earn) Bitcoins.How Bitcoin Work?The Math behind Bitcoin says that to transfer Bitcoins you just need a payer and a payee. It eliminates a trusted third party, such as a government, a bank, or credit card company. i.e. there is No Central Authority or Server. The Transfer Only needs network of computers running Bitcoin software.Each Bitcoin is made up of Digital signatures. Digital signatures are ‘math operations’ that you can perform on data that you send to and that prove the following:Authenticity: the data was created by a specific sender.Non-reputation: the data is confirmed to have been sent by a specific sender in such a way that the sender cannot deny having sent the data.Integrity: the data was not manipulated in transit.bitcoin-hacking-diagram
Each Bitcoin user has his own wallet and a Software that does the transfer work on behalf of the user. When you send a Bitcoin to someone else, you sign the Bitcoin with the digital signature of your Bitcoin wallet, which is software designed to hold Bitcoins and make Bitcoin transactions possible. As a result, each Bitcoin carrieswithin it a little ledger listing its transaction history.As Bitcoin transactions take place, they are broadcast to the network made up of computers running Bitcoin software — whose job is to maintain the “block chain”, the digital ledger containing the record of all confirmed Bitcoin transactions.
if u want to earn free bitcoin here is a link i used to signup and no doubt, its doing well for me ...!
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Did You Read this how fake Bitcoin Money Adder.
