That is, everything is similar to ordinary money transfers

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ICO Users can participate in the ICO to help promote it. For this they are rewarded with cryptocurrency through special projects. Procedure for transferring bitcoins All cryptocurrency wallets are closely interconnected. Communication between them is ensured by transmitting information about all transactions. Let's look at this with an example. Let's say you want to transfer . BTC to your friend. To do this, you need to know a certain account number or Bitcoin wallet address. .

The difference here is that the address contains not only  Australia WhatsApp Number Data numbers, but also Latin letters. Next, you need to go to your wallet, enter the recipient’s address and the transfer amount, and click the “Send” button. The transfer takes approximately  minutes. After this, the specified amount is debited from your account and credited to your friend's account. The process itself goes as follows. The sender's wallet notifies all other participants about the transfer. Then the actual transaction is executed. In classical monetary systems, banks control and approve any transactions with money.

Bitcoin as a single cryptocurrency network does not have any regulatory authorities. But since the transfer of money needs approval, the role of banks is performed by ordinary computers connected to the system. For this, owners are compensated. Despite the fact that all transactions occurring in the Bitcoin system are open to each participant, they are impersonal. That is, any BTC owner can see that, for example, on June ,  at : there was a transfer of . BTC from the wallet bcqKLrkUvwfgsccePxvjweznypkgc to the wallet ijArVthyfoWbMSMsOmEKEqf.