$BTC
Bitcoin Coin Pair With USDT : Bitcoin is the base currency and Tether is the quote currency. Bitcoin ecosystem favours almost all crypto currencies to make pairs on its Blockchain Mechanism. Here, we will consider the pair BTC/USDT. First consider the Bitcoin Ecosystem - Bitcoin is the first crypto currency built on Blockchain Technology, and is a Decentralised currency. Users send funds to each other through peer-to-peer (P2P) network 🛜 without intermediaries. Satoshi Nakomoto created Bitcoin and its first genesis block was mined on 9/1/2009.
Bitcoin Nodes - A node is a piece of software that any body can download and run to participate in the network 🛜. If X wishes to transact Bitcoin to Y then he intends to send $BTC 1000 to Y then the system determines that X has enough Bitcoin.
Bitcoin Mining - If Kamal mines the Bitcoin then his computer 🖥️ rigs to validate Sunita's transaction to be added in to the Ledger 📒.
Proof of Work (PoW) : To stop any arbitrary transactions they will need to solve a complex puzzle.
