Basically, we've a network that directs the record to countless amounts of "rubber stampers" that will indicator down on the authenticity of the exchange thus examining that every thing is genuine and grading the transfer. Leading to the sender to be able to invest his Bitcoin and ultimately you being able to get it without concern.

Now, here's wherever human nature sneakers in, we've to compensate persons (or miners) for his or her time and effort for verifying all these transactions (there can be an energy cost to take into account) After all you will want to share amongst us all, and that leads people to "Bitcoin miners trading .

Did you see my comment over, "In the end why not share amongst people all", delightful to the 21st century and the planet of cryptocurrencies! All things considered we are cutting out the middle man (bankers and fundamentally the government) So the "miners" get compensated with Bitcoins through the blockchain to make sure that all the transactions are authentic, therefore there is no heart man manipulating the currency in involving the purchase, how's that for an amazing deal.

So now you have a decentralized currency (no government manipulation or disturbance and this is exactly what is important) being viewed over by thousands of miners, who admittedly do get a small fee, but are checking the validity and integrity of these transactions.