What is Bitcoin?

Bitcoin is an internet protocol that enables the transfer of value over a communications channel like the Internet or radio. An easily understood application is decentralized digital currency; like being able to send a gold coin as easy as you send an email. But blockchain technology enables many things like a fridge that can pay for and restock itself or self-driving taxis.

What is Criptocoin Mining?

Criptocoin mining is how Bitcoin transactions are validated and confirmed by the Bitcoin network. Criptocoin miners create a new block by solving a proof of work problem that is chained through cryptographic proof to the previous block.

What is a Criptocoin Miner?

A Criptocoin miner is a computer specifically designed to solve problems according to the proof of work algorithm.

Currently, highly specialized chips called ASICs, Application Specific Integrated Circuits, are used as Criptocoin miners.

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