# How does bitcoin work?

By [Untitled](https://paragraph.com/@0x7d24593aa4cca33d58ae6a3c6638afd6f49a164c) · 2024-04-20

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Bitcoin (BTC) is powered by blockchain technology, which is a ledger that records every transaction. To transact BTC, you need a wallet that has an address. You can send, receive or buy BTC using this address. Every time a Bitcoin transaction occurs, the transaction is verified by miners and recorded. This prevents fraud and double use of the same BTCs.

![](https://storage.googleapis.com/papyrus_images/b95d3ae1c30719556f6698f736688fd217ad52c82c74adbce64ab6963e640adb.png)

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*Originally published on [Untitled](https://paragraph.com/@0x7d24593aa4cca33d58ae6a3c6638afd6f49a164c/how-does-bitcoin-work)*