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But really, the answer is simple. Bitcoins have value because A) they are useful and B) they are scarce. Combine those two attributes in any asset and you will discover it has a price. The moment the first Bitcoin was traded to someone in exchange for something else, an exchange rate (market price) was established. Subsequent exchangers agreed or disagreed with that rate, and made further trades accordingly. Bitcoin thus spontaneously developed a price, as do all things in an open market if they are sufficiently useful and sufficiently scarce.bitcoin биржи токен bitcoin bitcoin usd bitcoin donate

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Once validation criteria are met, the lucky block is propagated around the network and accepted by each full node, and it gets appended to a chain of predecessor blocks; at this time the winning miner is also paid.

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