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What is Bitcoin and How does it work
In this article I am going to explain about Bitcoin / Cryptocurrency.
In general, when you make an online payment, then this payment is processed and gets transfer from one bank account to another, using one or more financial bodies or banks. As you can understand, this is a centralized structure where one entity is managing all the payments which is also responsible for securities and safety of our payments.
But this centralized structure is not private. Let us suppose that you can trust this centralized structure or you can trust your bank. But can you trust the employees working in it? Can you trust the hackers or can you trust various agencies having access to all of your sensitive information? The list is very long whom you cannot trust. So, idea of keeping everything centralized is not safe. At this place cryptocurrency comes into light. For more visit https://techohalic.com/what-is-bitcoin-and-how-does-it-work/
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Until 28/10/2020 07:00:00 
In general, when you make an online payment, then this payment is processed and gets transfer from one bank account to another, using one or more financial bodies or banks. As you can understand, this is a centralized structure where one entity is managing all the payments which is also responsible for securities and safety of our payments.
But this centralized structure is not private. Let us suppose that you can trust this centralized structure or you can trust your bank. But can you trust the employees working in it? Can you trust the hackers or can you trust various agencies having access to all of your sensitive information? The list is very long whom you cannot trust. So, idea of keeping everything centralized is not safe. At this place cryptocurrency comes into light. For more visit https://techohalic.com/what-is-bitcoin-and-how-does-it-work/
g1027934003556188686 1310 days ago
0 stars, based on 0 reviews Until 28/10/2020 07:00:00 Comments
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