What is a Bitcoin and how does Bitcoin work? Complete Guide

Description

How Does Bitcoin Work? Why Was Bitcoin
Invented?
Let’s start with the basics…
There are three types of people in this world: the producer, the consumer, and the middleman. If you want to sell a book on Amazon, you must
pay a big 40-50% fee. This is the same in almost every industry! The middleman always takes a big part of the producer’s money.
To understand how does Bitcoin work, it’s important to know why it was created. Bitcoin was invented to remove one type of middleman —
the banks. If you need to transfer $5000 from your country to your friend in the United Kingdom, the money must go through a bank in your
country. They take a fee for processing. Once the money reaches the bank in the U.K, your friend’s bank charges a fee too