As interest and coverage continues to rise on the topic of Bitcoin and cryptocurrency, there is an increasing number of investors that are completely dubious to the “under-the-hood” mechanics of the technology. While a ‘complex’ understanding is typically left for the software-engineers and experts alike, a dumb-downed version can easily explain all the intricate complexities of Bitcoins; that is, without leaving much room for questions or concerns on the legitimacy of the rising cryptocurrency market. That is what this article will concentrate on. Explaining Bitcoin a bit further from the usual “it’s a ledger… kept by everyone!” notion.
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