Have you ever asked “ How does Bitcoin work ?” ! 🤔

In this paragraph we are going to answer this question and explain how Bitcoin is Safe and how we can trust it.

In addition, we are going to answer the question “ Why Bitcoin Can not be Fake ? ”

How does Bitcoin work?

The biggest problem that has faced the inventors is:

How we can prevent someone from sending the same currency twice or even more.

Originally, Central Banks simply delete the amount from your account and add it to the other account but how can we do this without Banks

The magic answer is Blockchain.

What is Blockchain ?

imagine that you have a big calculating book which is shared with all devices around the world (this devices are called Nodes)

When someone sends the coin to the other person. Immediately, it will be signed in this book for both of them.

Every computer in the world will assure that the sender owns this coin or not then they agree to the transaction.

A group of transactions will gather in a paper which is called a block, then this paper will be locked and be connected with the previous one with an encrypted link, this is called “Blockchain”.

The complete Transparency:

The strangest thing is that Bitcoin is completely transparent and unidentified at the same time, but how ?!!

The book that we have talked about is available for anybody in the world to surf, you can actually know that the wallet “x” sends the coin to wallet “y“.

But there is not a name or country signed behind this wallets, you can just see numbers without the true people that have made this transactions

Why can't we forge this book and say I have millions of Bitcoin ?

Because every computer in this world will notice that the version they have differs from the version that the hacker has so they disagree on the treatment and the hacker loses everything.

This is our paragraph today….

Hope you enjoyed it 😊…

Thank you so much for reading….🥰 

See you in the next paragraphs….

Goodbye…..👋