Wed. Sep 28th, 2022

When you purchase bitcoin, the transaction is added to the blockchain. The blockchain is a public ledger of all bitcoin transactions. Every time a bitcoin is bought or sold, the transaction is recorded on the blockchain. This way, everyone can see which bitcoins belong to which person.

Other related questions:

Q: How does a block get added to blockchain?

A: A block is added to the blockchain when it is successfully mined by a miner. When a block is mined, the miner includes a special transaction in the block that awards them a certain number of bitcoins (the block reward). The block reward is how new bitcoins are created.

Q: How do I add Bitcoin to blockchain?

A: First, you will need to create a Bitcoin wallet. You can do this by going to blockchain.info and clicking on the “Create Wallet” link.

Once you have created your wallet, you will be given a Bitcoin address. This is the address that you will use to receive Bitcoin.

Next, you will need to find a Bitcoin exchange where you can buy Bitcoin. You can find a list of exchanges here: https://coinmarketcap.com/exchanges/

Once you have found an exchange, you will need to create an account and deposit money into the account. Once you have done this, you will be able to buy Bitcoin.

Finally, you will need to send the Bitcoin to your wallet. To do this, you will need to enter your wallet address into the exchange. Once you have done this, the Bitcoin will be sent to your wallet.

Q: How is Bitcoin added?

A: Bitcoin is added to the blockchain through a process known as mining. In order to mine for Bitcoin, specialised hardware and software is required. This hardware and software combination is known as a mining rig.

Q: Where does the Bitcoin you buy come from?

A: Bitcoin is created through a process called “mining.” Miners are rewarded with Bitcoin for verifying and committing transactions to the blockchain, the public ledger of all Bitcoin transactions.

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