Get a full audiobook of your choice, legally and zero cost : Format: Unabridged Written by: The Blokehead Release date: 12/12/2014 Duration: 56 mins Language: English Genre: business, personal finance & investing Summary: How does the bitcoin protocol work? A person cannot mix indefinite bitcoins. The bitcoin protocol states that there will only be 21 million bitcoins to be produced by the miners. These bitcoins will then be subdivided into smaller bits. The smallest bit is called “satoshi” named after the bitcoin founder and the divisible amount is 100 millionth of a bitcoin. Bitcoin currency is based on mathematical formulas unlike our conventional currency that is based on gold and silver. Mathematics is used to generate or “mine” bitcoins. The softw
Leave a Reply