How Does the Bitcoin System Work?

Getting Bitcoin Wallet

To cut through the confusion surrounding the bitcoin, we have to separate this in two components. On one hand, you’ve got bitcoin-the-token, snippet of code, which represents the ownership of the digital concept – and sort of like virtual IOU. Alternatively, you have got bitcoin-the-protocol, distributed network, which maintains the ledger of balances on bitcoin-the-token. And both can be referred ... Read More »