Bitcoin uses public-key cryptography. In this network, each wallet contains many pairs of public and private keys.

 Public keys are converted to bitcoin addresses, which are notified to the payer to receive bitcoins. 

These human-readable addresses become a string of approximately 33 characters, always beginning with the number 1 or 3. Creating a new address is a completely local and unnecessary way to connect to a bitcoin-to-peer network.

In fact, anyone can send their bitcoins to another bitcoin address or so-called deposit.

Most bitcoin addresses seem pointless, but it is possible to create more personal addresses with software that quickly generates many addresses and stores addresses that conform to the pattern.

How are bitcoins obtained?

In general, bitcoins are obtained from the following four methods.

Bitcoins are generally obtained through mining activities, which is the process of processing bitcoin transactions. This method requires powerful computers and hardware.

Buy bitcoins from Ramzarz exchanges

Some lottery websites also give bitcoins to their users.

Bitcoin can be obtained by accepting bitcoin as a payment for goods or services

What is a Bitcoin network?

Each user connected to the Bitcoin network is considered a node. In the Bitcoin network, each node is associated with several other nodes. To transfer money, the Bitcoin sending node generates a money transfer request and signs it with its personal key. It then sends this request to all the nodes to which it is connected

. These nodes also send this request to all their related nodes if they receive it, and in this way, the request is spread all over the network.

What does block mean in bitcoin?

Block generator nodes, or miner computers, insert a transfer request into the block they are building. Building a work block is time-consuming and chance-based. The difficulty of making a block varies, and it changes approximately once every two weeks relative to the speed of block production in the last two weeks so that each block takes an average of 10 minutes to build.

If a block generating node succeeds in generating a block, it sends it to all the nodes associated with it. These nodes check the correctness of the block and, if the block and all requests within it are correct, send it to all related nodes.

 In this way, each valid block is quickly distributed over the network.

Other generators, upon receipt of a valid block, abandon work on the transfer requests contained within that block and begin attempting to build the next block. For this reason, a request registered within a block is actually approved by the majority of the network.

The generator that succeeds in generating a block adds a special transfer request that has no transmitter and deposits 25 bitcoins to its address.

These 25 bitcoins are considered a productive reward, and although they have no transmitters, they are considered a real money transfer by other nodes. Of course, this prize was initially 50 bitcoins.

This award is halved every four years. Between 2009 and 2012, the prize was 50 bitcoins per block, and from 2012 to 2016, it reached 25 bitcoins. With a mathematical calculation, it can be seen that more than 21,000,000 bitcoins can be created.

These 25 bitcoins are considered a productive reward, and although they have no transmitters, they are considered a real money transfer by other nodes. Of course, this prize was initially 50 bitcoins.

 This award is halved every four years.

Between 2009 and 2012, the prize was 50 bitcoins per block, and from 2012 to 2016, it reached 25 bitcoins. With a mathematical calculation, it can be seen that more than 21,000,000 bitcoins can be created.

These 25 bitcoins are considered a productive reward, and although they have no transmitters, they are considered a real money transfer by other nodes. Of course, this prize was initially 50 bitcoins. This award is halved every four years.

Between 2009 and 2012, the prize was 50 bitcoins per block, and from 2012 to 2016, it reached 25 bitcoins. With a mathematical calculation, it can be seen that more than 21,000,000 bitcoins can be created.

What is a Bitcoin Network?

Bitcoin is actually a sequence of digital signatures that have been created since the creation of the first network chain block as a reward for its creator. The owner of a bitcoin can transfer ownership of it to another person with a digital signature, and this is how a bitcoin transaction takes place.

At this stage, the recipient can verify the integrity of the sender chain and ownership by examining all previous transactions.

In Bitcoin transactions, unlike traditional systems, transactions are non-refundable, and this feature helps prevent attacks such as double-spending. In the bitcoin network, each person can have 1 bitcoin, but since those 1 bitcoins may have been the sum of less than 1 bitcoin that currently belongs to one holder; Each transaction includes transactions in its heart that can have many inputs and outputs.

In general, a transaction usually consists of an input that includes the previous transaction or consists of smaller, smaller inputs that together constitute the target value.

In return, there is usually one or two items: the amount that the sender intends to send and the extra amount that must be returned to his account.

Bitcoin network is a peer-to-peer network that operates according to a cryptographic protocol. Users and bitcoins (digital currencies) distribute digitally signed messages using bitcoin wallet software.

Transactions are recorded in a distributed and duplicated database called a blockchain, and an understanding of the values ​​of the distributed database is established through a practical proof system called mining.

 The protocol was designed in 2008 and released in 2009 as open-source software by Satoshi Nakamoto.

The network requires a minimal structure to share transactions. Messages are broadcast to the best of their ability, and nodes can voluntarily leave the network and rejoin it. In the open instance, the node connects new blocks from other nodes to complete its own version of the blockchain.

The network needs a minimal structure for sharing transactions. For this purpose, a decentralized network of volunteers can be enough, which are called network nodes.

These nodes can be disconnected from the network at any time, and if they wish to return to the network, they must receive new blocks formed from other nodes when they are absent and store them locally in their system.

This is necessary to coordinate and update all nodes.

How is Bitcoin mining done?

Bitcoin mining is the process by which special computer hardware in the Bitcoin network was able to solve cryptographic problems, authenticate a transaction, and eventually create a blockchain in a bitcoin chain.

People who are equipped with this hardware in the Bitcoin network will receive a bitcoin (depending on the difficulty of the network at the moment) as a reward by confirming the transaction and generating the block. This amount was 12.5 bitcoins in 2017.

Simply put, this bitcoin or any other currency transactions, as well as the security of the mining process, provide security for the bitcoin digital currency, and for this reason, the bitcoin network is a reward for encouragement and encouragement.

Mining owners are told that the amount of bitcoin will be as much as the miner’s effort.

This process is the same in almost all currencies.

Due to the sharp increase in network rigidity and the high demand for bitcoin mining, hardware called ASIC has been developed. ASIC stands for Integrated Circuits with Specific Applications, designed solely for the extraction and production of bitcoins.

There are different types of hashes and they have different prices depending on the amount of hash power or hash power they produce.

Extraction hardware usually consumes a lot of power and should not be turned off because it must be constantly connected to the bitcoin network.

This causes the temperature of these devices to increase and to prevent the device from burning, a fan and cooling devices must be used; Therefore, the bitcoin mining package can consume a lot of energy.

 This issue has attracted the attention of global environmental organizations and the use of clean energy.

In this regard, the Bitcoin development team and the active community of this cryptocurrency are trying to implement ways to solve this problem.

No matter how advanced your mobile phone or computer is, using it to extract bitcoins will wear out very quickly.

The hardware installed in your phone and computer requires a battery or power supply, and it is better to say that the first part that will be destroyed by doing so is the battery of your device.