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Bitcoin is the best known cryptocurrency at this moment, also called virtual money. How does the Bitcoin network work? Along with the information of the transaction, other information can be added in a block. It is not possible to change or delete this information.
Adding information will create many interesting user posibilities, which do not exist in other payment methods. Bitcoins can be mined by using special hardware to translate encrypted codes. This makes the bitcoin blockchain super secure, because to alter or delete something in the blockchain you will have to input a greater proof of work than all of the current miners together. Bitcoin network is so incredibly huge, that for a single person, company, or even government, it is impossible to deliver more hash power to over ride the current mining operation. Besides finding new blocks, miners will also earn on transaction fees. The most amount of bitcoins that will ever be found is limited to 21 million, and they will be harder to find because every four years the mining reward will be reduced by fifty percent. The value of bitcoin will not be affected by dilution, because the supply is limited.