{"id":11512,"date":"2024-04-22T09:43:03","date_gmt":"2024-04-22T09:43:03","guid":{"rendered":"https:\/\/www.sos.cryptobel.be\/docs\/how-does-bitcoin-work\/"},"modified":"2025-02-05T14:49:41","modified_gmt":"2025-02-05T14:49:41","slug":"how-does-bitcoin-work","status":"publish","type":"docs","link":"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/cryptocurrencies\/introduction-to-cryptocurrency\/how-does-bitcoin-work\/","title":{"rendered":"How does Bitcoin work?"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Bitcoin<\/strong> was one of the <strong>first digital cryptocurrencies<\/strong> to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government. <\/p>\n\n<p class=\"wp-block-paragraph\">When someone makes a Bitcoin transaction, it is verified and added to a group of transactions called<strong>a &#8220;block<\/strong>&#8220;. <strong>Miners<\/strong>, network participants, solve complex mathematical problems to validate these transactions and add the block to the existing blockchain. This process is called<strong>&#8220;mining<\/strong>&#8220;, and it guarantees the system&#8217;s security and transparency.  <\/p>\n\n<p class=\"wp-block-paragraph\">If you&#8217;d like a real-time overview of the transaction and mining process, you can visit a website such as<a href=\"https:\/\/mempool.space\/mempool-block\/0\"> mempool.space\/mempool-block\/0<\/a>. This will enable you to see how transactions are added to the blockchain over time. <\/p>\n\n<figure class=\"wp-block-image size-large is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"726\" src=\"https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-1024x726.png\" alt=\"\" class=\"wp-image-9758\" style=\"width:681px;height:auto\" srcset=\"https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-1024x726.png 1024w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-300x213.png 300w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-768x545.png 768w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-20x14.png 20w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-32x23.png 32w, https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image.png 1262w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government. When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda &#8220;block&#8220;. Miners, network [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":11526,"menu_order":2,"comment_status":"open","ping_status":"closed","template":"","doc_tag":[],"class_list":["post-11512","docs","type-docs","status-publish","hentry","no-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How does Bitcoin work? - SOS Cryptobel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/cryptocurrencies\/introduction-to-cryptocurrency\/how-does-bitcoin-work\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How does Bitcoin work? - SOS Cryptobel\" \/>\n<meta property=\"og:description\" content=\"Bitcoin was one of the first digital cryptocurrencies to be developed, and is based on blockchain technology. Unlike traditional currencies, Bitcoin is not controlled by a central authority such as a central bank or government. When someone makes a Bitcoin transaction, it is verified and added to a group of transactions calleda &#8220;block&#8220;. Miners, network [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/cryptocurrencies\/introduction-to-cryptocurrency\/how-does-bitcoin-work\/\" \/>\n<meta property=\"og:site_name\" content=\"SOS Cryptobel\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-05T14:49:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sos.cryptobel.be\/wp-content\/uploads\/2024\/04\/image-1024x726.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@cryptobel_asbl\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/cryptocurrencies\/introduction-to-cryptocurrency\/how-does-bitcoin-work\/\",\"url\":\"https:\/\/www.sos.cryptobel.be\/en\/docs\/faq-web3\/cryptocurrencies\/introduction-to-cryptocurrency\/how-does-bitcoin-work\/\",\"name\":\"How does Bitcoin work? 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