Bitcoin: How the World's Most Expensive Cryptocurrency Works 1h1n53

Avatar of Fernando Telles
The BTC unit has increased by 137% in the last few days, however, there are still few who know how it works and what Bitcoin is for.
Bitcoin - how it works
O Bitcoin is a virtual, free and decentralized currency (Image/Reprod.: BuyBitcoin)

And the Bitcoin started to grow again: since the beginning of this year, the cryptocurrency has seen itself on a triumphal climb and is hitting the home of the U.S. $ one thousand 2,5. However, even though the currency itself is already well known, the reasons behind such success, as well as the real uses of the Bitcoin, are still unknown points for the general public – But, after all, why is this virtual money worth so much and what can be done with it? 4df4z

Well, first, you have to understand that the Bitcoin (BTC) is not the only one criptomoeda the market: there are several copies of it out there; they are not identical with each other, but normally retain the main features of the 'original' version - that is, the virtual payment e untraceable.

We say this because the major premise of a criptomoeda is precisely to guarantee the anonymity of transactions. Therefore, depending on the interests of the buyer, the Bitcoin ends up being more Safety than real money, which explains why it is used in cybercrimes and 'shady' businesses around the world.

Regulated by the market 3b2a59

Bitcoin - made by you
(Image/Reproduction: Bitcoin.org)

Another key point of digital crypto coins it is the fact that they are not controlled by a government or company. In the case of our Real (R$), for example, both the flow of issuance as the value of banknotes, against foreign currencies, are constantly regulated by the central bank – but none of that exists in the Bitcoin. Its value is controlled by supply and demand of the notes exist; in short, the more people buy it, the more expensive it gets, and so on.

To give you an idea, each coin BTC was worth about R $ 4 thousand until the beginning of May. In the weeks that followed, sales exploded and the unit was worth more than R $ 10 thousand – an appreciation of incredibles 137%. According to experts, the rise is due to several factors: the Japan, for example, came to recognize the BTC as a form of payment, moreover, the currency has advanced technically and attracted more investors.

See also our video with everything about Bitcoin

Mining Bitcoins 1f7358

Bitcoin - mining
You earn bitcoins by validating other transactions with the BTC currency (Image/Reprod.: coincube)

O Bitcoin has a roof, as incredible as it may seem: on the whole, its production is limited in 21 million of 'coins', or units. At the moment, half that numerous is already in circulation and it is expected that by 2120, humanity runs out of mining new Bitcoins, making currency increasingly scarce – plus, of course, more expensive.

With respect to mining The process itself is quite simple, but that doesn't mean it's easy: it's all up to you cede processing your PC to validate other Bitcoins in circulation. It's like your machine is a taxation – it validates transactions BTC in progress and earn a percentage every time you do this. At the end of the day, depending on the power of your computer, you will have mined a fraction X de 1 BTC.

As we can see, the Bitcoin very reminiscent of gold and other precious metals in this regard: it is not controlled by a mining company, but as it continues to be produced, it becomes harder mine a new unit BTC.

Main uses of currency 4x63e

Bitcoin - uses
Bitcoin can be used for purchases, sales and investments (Image/Reprod.: Bitcoin Brazil)

Now that you understand how the Bitcoin, knowing how to spend this beauty ends up being a 'papaya with sugar' - it does not require any different procedure to be used, however, it is necessary that the coin is accepted as a payment method at the time of purchase, something that the Japan, as mentioned, has just been regularized.

The service base that accepts the Bitcoin It's not that big yet, but it's expanding. Currently, in Brazil, more than 100 establishments, physical and virtual, in addition to several professionals, already accept payments in BTC – even in games, as is the case with online poker, the currency has been accepted and seen as the future of transactions.

mining bitcoins
Bitcoins Will End, But Until Then They Will Be Extremely Expensive

As with any and all currency, even more so in the case of one that wants to be worldwide, it will take a few years to expand the actual use of the BTC. However, it is a fact that, when it comes to market methodology and Safety, Bitcoin will always have the edge over real money – and at least until the year of 2120, should remain as a great investment for those who take more risks.

...

So, did you enjoy knowing more about the Bitcoin? The showmetech is always with lots of tips and interesting articles, so give your opinion about the text and follow us so you don't miss anything, closed?

Leave a comment Cancel reply 26673o
Related Posts 593ri

Native Thief Mode, Pix on Chrome and more: see Google for Brazil 2025 announcements m3w1c

The company announced new features for smartphones, Portuguese translation in Meet, even more AI in search and many other new features. Check out the full summary
victor pacheco avatar
Learn more

See everything Apple announced at WWDC25 5sl37

The company has brought updates to the iPhone, iPad, Apple Watch, Macbook, Apple TV, Car Play and even Vision Pro glasses, with design overhauls, artificial intelligence and much more. Check out what's new
victor pacheco avatar
Learn more

Hisense showcases products that will arrive in Brazil in 2025 4j524k

In addition to a new line of connected refrigerators, the company showed the C2 Ultra projector, which displays a screen of up to 300 inches with 4K resolution. See everything that was announced
victor pacheco avatar
Learn more