Beginner
Official Site: https://cutt.ly/dgszzHd

Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto.1 The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.

There are no physical bitcoins, only balances kept on a public ledger that everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Altcoins.

#Bitcoin #BTC #ArkInvest

Products You May Like

Articles You May Like

But how does bitcoin actually work?
The NSC Labels Blockchain a National Security Issue
Chamath Palihapitiya: Buffett is WRONG about Bitcoin
Stock Market Pauses.. for Now. What’s Next? Dollar BID. Gold & Bitcoin Technical Analysis
Ripple Donates $10M to Mercy Corps for Increasing Financial Inclusion

Leave a Reply

Your email address will not be published. Required fields are marked *