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It seems that today, many people have joined the bitcoin trend and seem to be making a lot of money exchanging bitcoins and other cryptocurrencies. We see all these people getting rich and we ask ourselves: “How do they do this?”
If you are in fact interested in using the bitcoin, you will become aware of that after a while; the bitcoin transaction becomes very easy to use. All those disputes become approximately like memory: you begin doing amazing without thoughts much regarding it. Her we will talk about bitcoin trading with the aim of making short or long-term profits.
BITCOIN’S STORY AND ITS RISE TO POWER
Bitcoin’s first signs were seen in 1998, when some people tried to create cryptocurrencies. They never fully developed these prototypes. When 2008 came, a person named Satoshi Nakamoto presented a document titled ” Bitcoin: A Peer-to-Peer Electronic Cash Money System ” at a forum on crypto.
Previous to you begin bitcoin transacting; there are some strange words that your beginner ears should get used to.
Unlike other sharing networks, Bitcoin cycle does not include a file search mechanism. Bitcoin cycle users must locate the torrent files required by the protocol by their own means. These files can usually be downloaded from web pages that publish large files (such as GNU / Linux distributions) or from web search indexes (such as The Pirate Bay). Remember that we must be very careful with these pages. It is illegal to use them to download protected files, such as movies or music.
Since Bitcoin cycle is focused on the world of cryptocurrencies, we cannot overlook the following. Currently Bitcoin cycle has just announced the launch of its own cryptocurrency, a new token called Bitcoin cycle (BTT). With it, he intends to expand what he claims to be a vision of a decentralized Internet, seeking to improve the speed of the network, enabling faster torrent downloads.
This new cryptocurrency comes six months after Bitcoin cycle was acquired focused on creating a truly decentralized Internet.
Bitcoin cycle clients
We can find two different types of Bitcoin cycle clients:
Bitcoin, a peer-to-peer network: Bitcoin is a peer-to-peer (P2P) network where users can download a client (computer program) to become part of a common network. We call each computer on the network a ‘node’. These nodes are in charge of managing the so-called blockchain (blockchain, in Spanish).
Blockchain is an accounting book where the record of all Bitcoin transactions is kept. These records are stored in each of the network nodes (thousands around the world). That is why it is immutable data. They do not change, cannot be manipulated or falsified.
By being part of the Bitcoin network, each node has a copy of the accounting book and, every time the blockchain is updated, all the computers agree to update it, thus creating a decentralized accounting record of all Bitcoin transactions. In Bitcoin, nodes, also known as miners, have a double incentive: every time they verify a transaction and every time they solve complex mathematical problems, they receive bitcoins in return.
In this way, thanks to the miners, the network is ‘online’ and stable 24 hours a day. That is why we can send and receive Bitcoins at any time of the day, since we will only need the confirmation of a node, for the payment to be made. Depending on who you are sending your Bitcoins to, it will require a minimum number of confirmations to consider the transaction as valid. Usually this is 3 to 6 confirmations. The higher the commission, the higher the priority when it comes to including the transaction in the next block of the Blockchain. And therefore, greater speed in payment.
So miner is easy way to use bitcoin and get more money from bitcoin. Bitcoin Miners can be easily use and for this one need not to have any type of technical knowledge. Just having basic knowledge about mining one can make money using these techniques. This basic information can be easily got online. There are many web sites which offer free tutorial how to use mining to make money.
