All About Bitcoin, the Mysterious Digital Currency

2017-05-16 1

All About Bitcoin, the Mysterious Digital Currency
The computers that join the network and track Bitcoin transactions are motivated to do so by the new coins
that are released to the network every 10 minutes and are given to one of the computers helping to track the transactions and maintain the network.
Instead, it is a decentralized network of computers around the world
that keep track of all Bitcoin transactions, similar to the decentralized network of servers that makes the internet work.
The corporate world has also taken interest in the technology
that enables Bitcoin, especially its decentralized financial network and the blockchain, the global ledger where all Bitcoin transactions are recorded.
The network was designed this way to create a currency and a financial network outside the control of any government or single company.
Technology investors have purchased coins and pushed up the price out of a belief
that the tokens and the system will be a sort of global digital currency and financial network for the future.
Many banks are making big bets that real-world financial transactions will one day be run on networks similar
to Bitcoin, which can operate more quickly, efficiently and securely than traditional financial networks.