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Surfer Jim | Surfing The Waves of Bitcoin | Simply Bitcoin TTO

Simply Bitcoin

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Bitcoin Mining Miners Are Guessing Numbers Millions Per Second

Every 10 minutes the Bitcoin network tries to update because people want to move these Bitcoin around they want to move from one box to another. So if somebody says you know I'll accept some Bitcoin they provide me with a box or what we call an address and I can send Bitcoin to it but the network doesn't agree until everybody updates their copy of this ledger. As long as you follow the rules you can say to the entire world while community hey I got a bunch of changes and I want to add them to the entire Ledger. And so now what we have is it for the first time in human history a triple entry accounting system where two people on either side of a transaction know that transaction

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