♨ Dear Steemians ♨
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How does Bitcoin work?
Basic for new users
As a new user, you can simply start using Bitcoin without having to understand the technical details. After you install the Bitcoin wallet on your computer or mobile phone, it automatically creates your first Bitcoin address and you can create more addresses whenever you need them.
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Balance - chain-block
The blocks are a common transactional note in which the Bitcoin network rests. All confirmed transactions are included in the chain-blocks. Thus, the Bitcoin wallet can calculate the remainder of the money that can be spent and the new transactions can be verified to spend with the bitcoins that the user owns. Integrity and chronological sequence of chain-blocks are applied with cryptography.
Transactions - private key
A transaction is a transfer of value between a Bitcoin wallet that is included in a chain-block. The Bitcoin wallet stores a secret section of data called a private key, used to sign transactions, providing mathematical proof that it is true that the owner of the wallet is transacting.
Processing - mining
Mining is a distributed agreement system used to confirm transaction queues by inserting them into chains. Mining arranges chronological sequences in chain-blocks, protects network neutrality, and allows different computers to agree on the state of the system. To be confirmed, the transaction must be wrapped in a block that fits the very strict cryptographic rules and will be verified by the network.
Go to the rabbit hole
This is a very short and concise summary of the Bitcoin system. If you want more details, you can read the original paper that explains the system design, read [developer documentation](https://bitcoin.org/en/ developer-documentation) as well as exploring the Bitcoin wiki.
How to Use Bitcoin
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After understanding the definition of BitCoin, the first thing you need to do to be able to use BitCoin is to create a BitCoin wallet. Just like your wallet / wallet money, this serves as your BitCoin storage. This wallet is tangible more than a bank account that is just a number. The wallet file you created is the same as most files you can move and store on various devices. You can even create duplicate files (but don't duplicate the money inside).
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How to Start a Bitcoin Business
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1. Make a Bitcoin Wallet
Please register at https://blockchain.info/wallet/new make sure you enter your email. Record your identifier and password (as well as mnemonic). Make sure you do not forget it because Blockchain.info does not save your password.
Log into your bitcoin wallet at https://blockchain.info/wallet/login
You will see a bitcoin address. That is your bitcoin address (33 characters)
example: 1Ee7fgC51htj3nzkkB8XPyZN74FoAc3NDn
2. Trying to have your first bitcoin
If you are new to Bitcoin, we suggest you try the first transaction through https://x.bitcoin.co.id
Please fill in the bitcoin purchase form and fill the bitcoin address with the bitcoin address wallet. The system will automatically calculate how many bitcoins you will get. Within 1 hour usually the transaction will run and you will get your first bitcoin. You can try to transact in a very small amount such as Rp 100.000 only.
Please log into your bitcoin wallet (http://blockchain.info) to see your bitcoin once you get a notification that your Bitcoin purchase has been processed.
You can also sell your bitcoin back through https://x.bitcoin.co.id to see how your bitcoin process went into rupiah back.
The process of buying and selling bitcoin is the simplest way to join the Bitcoin business. Buy at cheap prices and sell at expensive prices like gold deals. Take advantage of it. Sometimes within 1-2 weeks there is more than 100% increase.
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3. Create a Bitcoin trading account through the link: https://vip.bitcoin.co.id/register
Make sure you open your email after registering and click the verification link on the email because if your account is not verified within 24 hours it will be automatically deleted from Bitcoin.co.id database.
This trading account will help you to buy and sell bitcoin at a better price than https://x.bitcoin.co.id. The fees charged are also very cheap ie 0.3%
4. Purchase bitcoin through https://vip.bitcoin.co.id
We suggest next you try to transact through https://vip.bitcoin.co.id. In Vip.Bitcoin.co.id system is different from X.Bitcoin.co.id because you own that determine the price of Bitcoin you want to buy / sell.
Please see the full tutorial in the following video:
5. Making Money through Bitcoin
The next thing you need to know is to know the various ways to earn money through Bitcoin. We have discussed it through the following article "How to Make Money from Bitcoin [(click here)](http://blog.bitcoin.co.id/how-to get-uang-of-bitcoin/)
Those are 5 steps that hopefully can help you to get closer to Bitcoin world more easily!
