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Tax implications of a proof of stake crypto currency | While backers say the blockchain technology behind Bitcoin is even more secure than traditional electronic money transfers, there have been a number of high-profile hacks. Books Video icon An illustration of two cells of a film strip. The investing information provided on this page is for educational purposes only. Follow the writers. Bitcoin mining: Users on the Bitcoin network verify transactions through a process known as mining, which is designed to confirm that new transactions are consistent with other transactions that have been completed in the past. NerdWallet rating NerdWallet's ratings are determined by our editorial team. Learn what that means for Bitcoin and other cryptocurrencies. |
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