How the Bitcoin System Works??

If we have to send money to another person, we will have to send it through the bank and the Reserve Bank of India and the Indian government control the currency of Rupee. But bitcoin is a decentralized currency that no bank or government controls. Bitcoin Technology is a technology based on “Peer to Peer Network“, due to which you can transact without any bank or authority directly to any person.

Just as there is a bank account, there are digital bitcoin wallet for transactions in Bitcoin and the way the bank account number is the Wallet address of bitcoin 27 To 24 alphanumeric character, using which we send bitcoin to any person Or receive. All transactions in the Bitcoin system are encrypted, so this is a safe system.


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