Hello,
I had read really a lot about bitcoin here and around the web, still can't find answer to basic questions though.
Q1: Since there is no central authority controlling Bitcoin, then, who is actually giving out Bitcoins for miners for securing the network?
Q2: Is the main point of Mining softwares to decode SHA-256 hashes? If not, what actually are the mining software doing?
If so. Then whoever knows how to decode/decrypt SHA-256 can make Bitcoins?
I will be updating this topic for more questions if any
I had read really a lot about bitcoin here and around the web, still can't find answer to basic questions though.
Q1: Since there is no central authority controlling Bitcoin, then, who is actually giving out Bitcoins for miners for securing the network?
Q2: Is the main point of Mining softwares to decode SHA-256 hashes? If not, what actually are the mining software doing?
If so. Then whoever knows how to decode/decrypt SHA-256 can make Bitcoins?
I will be updating this topic for more questions if any