BTC is protected by The Decentralized Network, Which runs in China Brazil India United States, One in my basement or yours. You can centrally store your crypto off exchange run it off the node in your basement like your own private bank. And no one can stop you from spending it. Think about that.
A node is a running copy of the blockchain. You will not make money on it. However you maintain a copy you can get one at bitcoin.org. To make money you will need a ASIC miner cost around 5k and connect with to a mining pool.
Again is the Gestapo knocks on your door steals your node they will not have access to you BTC because it stored in the block chain, in the BTC White paper is called a time chain. You get out of jail you standup another node or login with your seed password and Bingo you have your BTC. Over simplified but that’s how it works.
BTC is protected by The Decentralized Network, Which runs in China Brazil India United States, One in my basement or yours. You can centrally store your crypto off exchange run it off the node in your basement like your own private bank. And no one can stop you from spending it. Think about that.
Is that mining? How do you do that, set up a node on your own computer? Do you make money this way?
A node is a running copy of the blockchain. You will not make money on it. However you maintain a copy you can get one at bitcoin.org. To make money you will need a ASIC miner cost around 5k and connect with to a mining pool.
Again is the Gestapo knocks on your door steals your node they will not have access to you BTC because it stored in the block chain, in the BTC White paper is called a time chain. You get out of jail you standup another node or login with your seed password and Bingo you have your BTC. Over simplified but that’s how it works.