One of the common questions in bitcoin that often perplex people is about the origins of bitcoins: How are bitcoins created? To fully appreciate the innovative nature of Bitcoin, it’s essential to understand its creation process.
The term “mining” frequently used in this context can lead to confusion, as bitcoin don’t exist in a physical form as one might assume from the mining analogy. Instead, bitcoin are units of the digital currency, each uniquely associated with public keys and recorded on a public ledger called the blockchain.
How Are Bitcoins Created?
Let’s delve deeper into the concept of mining and how it fundamentally differs from traditional…
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