Blockchain Basics: A Practical Approach to Cryptocurrency and Decentralization

Cryptojobs2226 Apr, 2024Technology

Bitcoin is a decentralized digital currency, or cryptocurrency, that operates without the oversight of a central authority or government. Instead, it relies on a peer-to-peer network of computers (nodes) to manage transactions and issue new bitcoins through a process known as mining. The defining feature of Bitcoin, and what sets it apart from traditional currencies, is its underlying technology—blockchain, which forms a crucial part of crypto information systems.