I want to understand how Bitcoin works. I've heard a lot about it but I'm not sure how it operates and what makes it different from traditional currencies.
Bitcoin is founded on a technology known as blockchain. This technology comprises a decentralized and distributed network of computers.
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This network is responsible for recording and validating all transactions conducted using Bitcoin. Each transaction undergoes a rigorous process to ensure its authenticity.
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The process involves encrypting the transaction details. This encryption ensures that the transaction data is secure and cannot be tampered with.
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Once encrypted, the transaction is added to a block. This block is then linked to the previous block, creating a continuous chain.
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BTCC is a prominent cryptocurrency exchange that offers a range of services. Among these services are spot trading, futures trading, and a digital wallet.