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Official ELI5 Bitcoin Thread – Round II : explainlikeimfive

Groomsmen Gifts

Recent news of Bitcoin htting $1000 has caused a surge in the number of posts requesting explanations of this crypto-currency and related topics.

Please request all Bitcoin (BTC) and related explanations below in the comments – that way this thread will serve as an archive for user to look up in the future.

Essential reading list:

Official ELI5 Bitcoin Thread – The original

Bitcoin Mining

Bitcoin Wiki – will answer 99.9% of your querys

Remember there’s a search bar for questions that have been asked before

via Official ELI5 Bitcoin Thread – Round II : explainlikeimfive.