Bitcoin And Ethereum Crypto Currency Mining Explained

Mining is a record-keeping service done through the use of computer processing power.

Bitcoin is a crypto-currency and worldwide payment system that can be exchanged for other currencies, products, and services.

It was created as a reward for mining.

Miners keep the blockchain consistent, complete, and unalterable by repeatedly verifying and collecting newly broadcast transactions into a new group of transactions called a block.
It is, therefore, important to state here that Bitcoin is the first decentralized digital currency, as the system works without a central bank or single administrator.
Transactions between users are done directly, without any intermediary.

These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain.
However, buying Bitcoin atimes may takes a difficult process or have trust issues.

And it may even be more difficult when you try to buy with your credit/debit card.
But things seem to be changing as some companies have succeeded in making the process easier and instant than usual.

You can buy Bitcoin and Ethereum with your credit/debit card with ease using Luno. Read More Here

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