How Cryptocurrency Work ?

-So, imagine you have a cryptocurrency like Bitcoin. Instead of a central authority like a bank, Bitcoin operates on a decentralized network of computers. When someone initiates a transaction, it gets broadcasted to this network. Miners, who are participants in the network, then work to validate and verify the transaction. They do this by solving complex mathematical puzzles, which requires a lot of computational power. Once a miner successfully solves the puzzle, they add the transaction to a block, which is then added to the blockchain. The blockchain is a public ledger that contains a record of all transactions. It's distributed across the network, making it secure and transparent. The transaction is now complete, and the recipient of the cryptocurrency can access their funds. This process ensures the integrity and security of cryptocurrency transactions. It's quite fascinating how technology enables this decentralized and secure system! #BTC #link #BinanceSquare #Stoner