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Re: bitcoins

Why are bitcoins worth? Bitcoins have value because they are useful as currency. It has the characteristics of money (durability, portability, fungibility, scarcity, divisibility and recognizability) based on mathematical properties instead of relying on physical properties (such as gold and silver...

Re: bitcoins

How are bitcoins created? The new bitcoins are generated by a competitive and decentralized process called "mining". This process is based on the fact that individuals are rewarded by the network for their services. Bitcoin miners process transactions and secure the network using specialized hardwa...

Re: bitcoins

How are bitcoins created? In effect, cryptographic currencies, such as Bitcoin, are generated using certain algorithms, and to achieve them, as well as to manage transactions, process power is needed. Putting your computer to work to create new blocks and approve transactions is what is known as mi...

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