Creating new bitcoins by solving puzzles is called crypto mining or bitcoin mining.
SOURCE / GOOGLE
The procedure of sending money to someone first passes through the bank, which then validates it and forwards it.
SOURCE / GOOGLE
The computer is the only intermediary between the sender and receiver of cryptocurrency, not a bank.
SOURCE / GOOGLE
These computers are run by some people, and through them every transaction is verified.
SOURCE / GOOGLE
In return for their hard work, they get bitcoins, this is called bitcoin mining. Similar mining takes place in other cryptocurrencies.
SOURCE / GOOGLE
Digital platforms can be easily manipulated, and that is the biggest challenge for digital currency.
SOURCE / GOOGLE
This is the reason why only accredited miners in Bitcoin's distributed ledger are allowed to update transactions in the digital ledger.
SOURCE / GOOGLE
This is why blockchain technology is used, in which information is present on every computer connected in the entire chain, making this technology extremely secure.