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Mining helps secure the bitcoin network. The more people that are actively mining, the harder it is for someone to attack the network. Currently, it would a miracle to perform an attack on the network as there are so many … Continue reading
Bitcoin’s are a peer-to-peer electronic currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network. It is like how we reference a Dollar or a Euro, and like the … Continue reading
The FBI of the United States has become the owner of the largest Bitcoin wallet in the world. After the Untouchables shut down the Silk Road (Internet drug marketplace), the agency started seizing electronic currency which belonged to the Dread … Continue reading