 TITLE: Bitcoin vs. Ethereum: What’s the Difference? CONTENT: How Does Bitcoin Work?\n----------------------\nDeveloped in 2009, Bitcoin uses blockchain technology to facilitate anonymous transfers of Bitcoin from person to person.\nBlockchain technology works by grouping together information (known as \"blocks\"), then adding these blocks to a public ledger, known as the blockchain. Since the blockchain is decentralized, these transactions are processed by computers all around the world and a record of all transfers can be reviewed by anyone.\nThough this may seem complicated, the blockchain can be understood simply if compared to a database or ledger (like the one that tracks your bank account). Once a transaction is recorded on the blockchain, the information is permanently stored, cannot be deleted and is viewable by anyone—putting control in the hands of the network, and not a centralized power like a bank or government. END