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Bitcoin (BTC) is a cryptocurrency that functions on a Proof of Work (PoW) system, where computers compete to form the next block in the chain and in return be rewarded with BTC. This system is how bitcoin operates; the computers act as miners that carry out the work to create the new block, and that miner is rewarded with BTC.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.
Bitcoin (BTC) is a cryptocurrency that functions on a Proof of Work (PoW) system, where computers compete to form the next block in the chain and in return be rewarded with BTC. This system is how bitcoin operates; the computers act as miners that carry out the work to create the new block, and that miner is rewarded with BTC.
*The content hereby presented is for informational purposes only. Nothing of this content that is available to you shall be considered as financial, legal or tax advice. Please, keep in mind that trading cryptocurrencies pose a considerable risk of loss.