How does the bitcoin protocol work? A person cannot mix indefinite bitcoins. The bitcoin protocol states that there will only be twenty-one million bitcoins to be produced by the miners. These bitcoins will then be subdivided into smaller bits. The smallest bit is called 'satoshi' named after the bitcoin founder and the divisible amount is one hundred millionth of a bitcoin. Bitcoin currency is based on mathematical formulas unlike our conventional currency that is based on gold and silver. Mathematics is used to generate or 'mine' bitcoins. The software programs containing these mathematical formulas are made available to everyone. This means that anyone can access these formulas to ensure that it serves its purpose.
Product Identifiers
Publisher
Blurb
ISBN-10
1320579876
ISBN-13
9781320579872
eBay Product ID (ePID)
247316774
Product Key Features
Author
The Blokehead
Publication Name
Bitcoin : the Ultimate A-Z of Profitable Bitcoin Trading and Mining Guide Exposed!
Format
Trade Paperback
Language
English
Subject
Electronic Commerce (See Also Headings under Business & Economics / E-Commerce), General