Miners are then paid in technology behind Bitcoin is even incentivizes the decentralized network to of Bitcoin is quite common.
This is because the price of a single bitcoin has increased considerably since its inception � from less than a cent to tens of thousands of dollars. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Both wallets display their appropriate balances, and the next transactions are processed. BTC definition: What is Bitcoin? In truth there is no such thing as a bitcoin or a wallet, just agreement among the network about ownership of a coin.
