Frogfren17 on Nostr: How Bitcoin Works Decentralized Network: Operates on a distributed ledger, not ...
How Bitcoin Works
Decentralized Network: Operates on a distributed ledger, not controlled by any single entity.
Limited Supply: Capped at 21 million coins, preventing inflation.
Proof of Work Consensus: Miners solve complex problems to validate transactions and create new blocks.
Security: Highly secure, leveraging cryptographic techniques to protect transactions.
Peer-to-Peer Transactions: Enables direct transactions between users without intermediaries.
Transparency: Every transaction is recorded on the blockchain, visible to all.
Global Accessibility: Available to anyone with internet access, regardless of location.
Published at
2024-09-07 10:08:13Event JSON
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"pubkey": "29904dc1dc3101581a87ccd2b2e35dfa07bf2bbafe2e1feea390916ff1332910",
"created_at": 1725703693,
"kind": 1,
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"content": "https://image.nostr.build/18897a24ab3f95fdad8b5b060d32de16f7e7a99ab6565975e081246fd9ffeadc.jpg\n\nHow Bitcoin Works\nDecentralized Network: Operates on a distributed ledger, not controlled by any single entity.\n\nLimited Supply: Capped at 21 million coins, preventing inflation.\n\nProof of Work Consensus: Miners solve complex problems to validate transactions and create new blocks.\n\nSecurity: Highly secure, leveraging cryptographic techniques to protect transactions.\n\nPeer-to-Peer Transactions: Enables direct transactions between users without intermediaries.\n\nTransparency: Every transaction is recorded on the blockchain, visible to all.\n\nGlobal Accessibility: Available to anyone with internet access, regardless of location.",
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