If you buy Bitcoins from an exchange like Zebpay or others, your money goes to the exchange . However, if you buy it from a holder of bitcoin by transfer of his bitcoin from his wallet to your wallet, your money goes to him as decided between both of you.
Read moreIs it worth buying Bitcoin?
You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit . Digital currencies may also be a long-term investment due to their high market demand.
Read moreWhat is Bitcoin and how it works?
Bitcoin is a digital currency, a decentralized system that records transactions in a distributed ledger called a blockchain . Bitcoin miners run complex computer rigs to solve complicated puzzles in an effort to confirm groups of transactions called blocks.
Read moreWhat is the purpose of Bitcoin?
Bitcoin was created as a way for people to send money over the internet . The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.
Read moreWhat is Bitcoin and is it any good?
You can easily trade bitcoin for cash or assets like gold instantly with incredibly low fees. The high liquidity associated with bitcoin makes it a great investment vessel if you’re looking for short-term profit . Digital currencies may also be a long-term investment due to their high market demand.
Read moreWhat algorithm does bitcoin use?
Bitcoin uses the SHA-256 hash algorithm . This algorithm generates verifiably random numbers in a way that requires a predictable amount of computer processing power.
Read moreWhat is cryptocurrency algorithm?
Cryptocurrency algorithm or hashing algorithm – is a mechanism that encrypts virtual currency or digital currency . Some algorithms can be used in multiple cryptocurrencies because the number of cryptocurrencies today exceeds the number of existing algorithms. Miners decrypt this algorithm (seek hash).
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