What is bitcoin ?
Bitcoin is a digital currency that emerged in the early 21st century. It does not have a centralized authority that issues Bitcoin or controls its value, like a government, central bank, financial institution, or private finance company. It operates on Blockchain Technology, a new revolution that began with Bitcoin, and its security is controlled, new Bitcoin money is issued, and its transactions are confirmed. Digital Gold is the name given to Bitcoin. A brief history of Bitcoin The Bitcoin project was conceived in 2008, and in the same year, a White Paper was posted on the Internet explaining the concept of this independent, ‘Decentralized’ digital currency. It was created by Satoshi Nakamoto, a mysterious person or group whose identity is unknown to this day. The first Bitcoin 0.1 software was officially released in 2009, and the first Bitcoin transaction block, the ‘Genesis Block’, was created by Satoshi Nakamoto. Bitcoin was first us...
0 Comments