Mining coins

Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography . A public ledger records all bitcoin transactions and copies are held on servers around the world.

Bitcoin transactions heavily rely on the internet as the primary avenue for conveying data to miners . However, it does not mean people will stop using bitcoin if the internet goes down. This article shows other alternatives that users could still pursue to conduct bitcoin transactions if there is no internet.

Who controls the Bitcoin network? Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world.

Bitcoin does not have a central authority . The bitcoin network is peer-to-peer, without central servers. The network also has no central storage; the bitcoin ledger is distributed. The ledger is public; anybody can store it on a computer.