How exactly bitcoins cryptography works

Bitcoin uses cryptography to secure its transactions and maintain the integrity of its ledger, called the blockchain. Cryptography is a technique for secure communication that uses mathematical algorithms to scramble data in a way that makes it difficult for unauthorized parties to access it....
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Who develops bitcoin

Bitcoin is an open-source software project, meaning that anyone can contribute to its development.kedzi96 The software is maintained by a global community of developers, who work together to improve the software and fix any bugs or security vulnerabilities....
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How to explain bitcoin to my grandma

Explaining Bitcoin to your grandma can be a challenging task, but with a simple and clear explanation, she can understand the basics of this revolutionary technology. Here’s how you can explain Bitcoin to her:...
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Is bitcoin immune to a quantum computer

Bitcoin is not immune to quantum computers. Bitcoin uses a cryptographic technique called Elliptic Curve Digital Signature Algorithm (ECDSA), which is based on the difficulty of solving the discrete logarithm problem. A quantum computer can solve this problem much faster than a classical computer, which means that the security...
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What technology is bitcoin using

Bitcoin is built on the technology of blockchain. A blockchain is a decentralized and distributed ledger that records all transactions in a secure and transparent manner. It is made up of a series of blocks that are linked together in a chain, hence the name blockchain....
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Why bitcoin was created

Bitcoin was created as a response to the 2008 financial crisis, which exposed the weaknesses and inefficiencies of traditional financial systems. The anonymous creator(s), known only by the pseudonym Satoshi Nakamoto, wanted to create a decentralized and secure digital currency that would be immune to the manipulation and control...
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Is bitcoin a hoax

Bitcoin is a decentralized digital currency that operates on a peer-to-peer network without the need for a central authority. Transactions are verified and processed by a network of users, rather than by a single entity such as a bank....
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Is it worth to buy bitcoin

The question of whether it is worth buying bitcoin is a complex one and depends on several factors. While some people believe that it is a valuable investment, others believe that it is too risky. Here are some factors to consider when making a decision:...
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