So I've been trying to learn about bitcoin, I'm a kid. It is really confusing. Is BitCoin basically a game since you solve math equations for money? And also, do the math equations do anything or are they just random and because you solve them, you get a reward for your intelligence?
2 Answers
Yes, its kinda like solving really hard math equations.
Mostly done by specificaly made machines like this one: Antminer S9
But this video explains it all https://www.youtube.com/watch?v=GmOzih6I1zs
The solving process is called "mining". It's useful to make creating blocks with transactions hard and that makes it hard to spend Bitcoins that were already spent.