¿How does bitcoin work?

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·@kanou·
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¿How does bitcoin work?
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The operation of this cryptocurrency is based on Bitcoin software, with a capital letter, that allows you to create bitcoins, with a lower case. Thus, Bitcoin refers to a network of transactions in which bitcoins are sent and everything is recorded in a large decentralized account book and present in all the points called blockchain. If there is a transaction, it is written down in all the points.

The number of bitcoins that can be is limited by mathematical formulas to 21 million and can not be altered. To be able to buy and have the bitcoins you need a special purse, either virtual or physical where they can be stored. There are different alternatives such as Coinbase among digital or Ledger in physics.

Once we have the bitcoin in the purses it is possible to make transactions with them. In fact, some businesses already allow the purchase with these cryptocurrencies. There is another option that is to mine the bitcoin, although it is an alternative aimed at more expert users and with very powerful equipment because it needs a significant amount of data and energy.
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