Bitcoins are really becoming known due to its price and demand. But how do really Bitcoins circulate into users? Does it circulate like a real money that circulate as a tax. Can someone explain it sir?
Thank you.
Bitcoin is totally different compares to real money, include how bitcoin circulate among the users through blockchain technology.
Firstly, bitcoin come into existence through a process called mining and they who do that called miners. Now, There are more than 16.042.125 bitcoins in circulation.
Here the linkBitcoin transaction is a transfer of bitcoin value that is broadcast to the network and collected into blocks in blockchain by miners and as the reward, miners get new generate bitcoin. People buy bitcoin from the miners and exchanges (by trading), that's how bitcoin circulate into users.