How does Bitcoin make money?

New Bitcoins are created as part of the Bitcoin mining process, in which they are offered as a lucrative reward to people who operate computer systems that help to validate transactions. Bitcoin miners — also known as “nodes” — are the owners of high-speed computers which independently confirm each transaction, and add a completed “block” […]

What Is Bitcoin and How It Works

Bitcoin, the first and most valuable cryptocurrency, has grown from a fringe experiment into one of the hottest tickets in global finance. Bitcoin is a form of digital cash that eliminates the need for central authorities such as banks or governments. Instead, Bitcoin uses a peer-to-peer internet network to confirm purchases directly between users. Launched […]