How does Bitcoin Make Money?


How does Bitcoin or any Cryptocurrency make money? What are the possible procedures of making money through bitcoins (cryptocurrencies)?

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Delta 4 months 1 Answer 112 views 0

Answer ( 1 )

  1. Bitcoins are awarded to Bitcoin “miners” for the solution to a difficult work which confirms transactions and prevents double-spending.
    Miners can also get extra bitcoins from voluntary transaction fees. In every transaction, it is recommended to pay a tiny fee so that miners will have an incentive to actually compute your transactions in the next block. Without a miner to verify your transactions, there is no way you or your payee can ensure that the bitcoins transferred are valid.

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