You (a "node") have a file of transactions on your computer (a "ledger"). Two government accountants (let's call them "miners") have the same file on theirs (so it’s "distributed"). As you make a transaction, your computer sends an e-mail to each accountant to inform them.
Each accountant rushes to be the first to check whether you can afford it (and be paid their salary "Bitcoins"). The first to check and validate hits “REPLY ALL”, attaching their logic for verifying the transaction ("proof of work"). If the other accountant agrees, everyone updates their file…
This concept is enabled by "Blockchain" technology
Day | Members | Gain | % Gain |
---|---|---|---|
June 19, 2024 | 21 | +1 | +5.0% |
March 17, 2024 | 20 | 0 | 0.0% |
January 27, 2024 | 20 | 0 | 0.0% |
December 13, 2023 | 20 | 0 | 0.0% |
November 04, 2023 | 20 | 0 | 0.0% |
October 04, 2023 | 20 | 0 | 0.0% |
September 05, 2023 | 20 | 0 | 0.0% |
August 07, 2023 | 20 | 0 | 0.0% |