What makes Bitcoin so special?
The answer is BLOCKCHAIN!!
Bitcoin came into existence as a result of financial crisis of 2008 when people lost their faith on banking system.
With the help BLOCKCHAIN ,Bitcoin transactions can be made without need middleman like banks(PEER TO PEER TRANSACTION).
SO WHAT IS BLOCKCHAIN?
BLOCK CHAIN IS THE TECHNOLOGY BEHIND BITCOIN.
Block chain is a bunch of computers in a network like super big spider web.
The computers which are owned by everyone(DECENTRALIZED) in the Bitcoin network and stores blocks consists of record of each transaction made.
The more we use these block these blocks stronger it becomes and harder to crack.
So every time we exchange digital money or bitcoin all of these transaction are changed
All computers keep an update records of transaction, so you, me and anyone can’t hack and have codes called cryptography that make these transaction safe (SECURE TRANSACTION).
All the computers in the network consists of all transaction which eliminates the need of middle man.
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