16 views
in Cryptocurrency by (0 points)

How does bitcoin generate revenue?

Please log in or register to answer this question.

1 Answer

0 votes
by (0 points)
Bitcoin generates revenue through a process called mining. Miners use powerful computers to solve complex mathematical problems that validate transactions on the Bitcoin network. In return for their efforts, miners are rewarded with newly minted bitcoins. Additionally, miners also earn transaction fees for processing transactions on the network. This combination of block rewards and transaction fees is how Bitcoin generates revenue for miners and supports the overall network.
...