No bank keeps the accounts of Bitcoin, and nobody can print more of it. Still, thousands of computers that never met agree on who owns every bitcoin, down to the smallest fraction. How? Meet the shared ledger, private keys, the double-spending problem, the blockchain, mining and proof of work, confirmations, the 51% attack, the halving, and the reason a lost key is lost forever.
This website uses cookies to give you a better experience and to help new readers find us. About cookies