Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
Why Is Bitcoin Bad For Environment
Bitcoin is a digital currency that was created in 2009. It is often referred to as a “peer-to-peer digital cash system.” Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created through a process called “mining.” Mining is when a computer solves a complex math problem in order […]
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Why Does Bitcoin Require So Much Energy
Bitcoin, the world’s first and most well-known cryptocurrency, has been in the news a lot lately. This is largely due to the fact that its price has been surging, reaching all-time highs in recent months. However, Bitcoin’s price surge is not the only thing that has been making headlines. A more controversial topic that has […]
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