How is Bitcoin Created? (A High-level Overview)

Bitcoins, as you may already know, are not made by central banks. And as you may have already heard, they are ”mined” by Bitcoin ”miners.” Bitcoin miners are people who use powerful computer equipment to verify bitcoin transactions. Each time they successfully verify 1MB (megabyte) worth of transactions, also known as a ”block,” they becomeContinue reading “How is Bitcoin Created? (A High-level Overview)”