A Survey on Bitcoin Cryptocurrency and its Mining

Abstract

Bitcoin is a peer-to-peer digital decentralized cryptocurrency created by an individual under pseudonym Satoshi Nakamoto. In fact, it is the first digital decentralized currency. The importance of digital cryptocurrency and the concept of blockchain have been explored by several developers and organizations. It is assumed to be one of the secure and easy payment methods that can be used in the coming days. In this paper, we survey various topics under Bitcoin such as blocks, blockchains, mining process and proof of work(PoW).