Phoenix Bitcoin : What is it? : WikiKnowledge


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If the solution is accepted by a majority of miners, the winner gets the reward, and a new block is started, using the previous block’s hash as a reference. Click here for cryptocurrency Links How Ethereum Works Many of the apps we use day to day have companies in the middle making the app work. YouTube stores videos for people to view. Robinhood holds our money for investing in stocks. Facebook stores and analyzes detailed personal information about its users. Ethereum is a platform that aims to make it easier to create applications that aren’t managed or controlled by one entity. Instead they are governed by code. Under the ho...