What are Bitcoins and how it works?


Bitcoins were launched in 2009. Though the concept is not new but many people don’t understand what bitcoins are and how bitcoins work. Bitcoins are defined as a type of virtual currency, introduced to life through the Internet.

What are bitcoins?

Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.

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