How bitcoin works for Nigerians
Learn everything you need to know about bitcoin and how it works for beginners in Nigeria. In this article, you'll learn everything you need to know about where to sell bitcoin in Nigeria, best site to buy bitcoin in Nigeria, bitcoin companies in Nigeria and the legality of bitcoin in Nigeria. What is bitcoin Bitcoin is an electronic currency, a cryptocurrency that works using computer codes. It works by verifying transactions over a public distributed ledger called the Blockchain. Bitcoin was founded in 2009 by an anonymous user or group named Satoshi Nakamoto. How bitcoin works Bitcoin works using a public distributed ledger called a Blockchain to keep track of transaction records from the beginning of the first transaction till the latest transaction. Users of the Blockchain broadcast their transactions which is added to a block by the network nodes. The network nodes sign and verifies the transaction and add it to its own ledger called block, validate the block, add ...