Understanding Cryptocurrency

Casey McCartyCurrencyLeave a Comment

The most notable difference between the dollar and a Bitcoin is the lack of a centralized authority. Bitcoin is run by a network of computers operated by volunteer coders around planet Earth. It is not operated by a central government and banking system like the dollar. Each transaction only occurs once, with proof of its occurrence for all to see. This is ensured by a general ledger in which anyone in the world can see any Bitcoin transaction, when it happened and for how much.