Bitcoin is a type of cryptocurrency that denotes purely online-based digital mediums of exchange. It is one of the means by which the online platform generates revenue.
Bitcoin relies on a decentralised computer network or spread catalogue that seeks for cryptocurrency transactions.
When network computer devices are confirmed and deals are executed, bitcoins are assembled or mined.
Afterwards, these networked computers, also known as miners, process the trade in exchange for Bitcoin compensation.
It is powered by blockchain, which is the technology that enables various cryptocurrencies to function.
A blockchain is a decentralised record of all network transactions. In addition, it refers to the process of adding a block to the chain.
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