Bitcoin is a revolutionary digital currency born in 2009, after the 2007-2008 subprime mortgage crisis, and created by Satoshi Nakamoto, a pseudonym used by an individual or group of people who released the Bitcoin white paper.
As a cryptography-based digital currency, bitcoin is peer-to-peer and decentralized. In other words, it provides an alternative method of payment that is accessible by anyone around the world, who have access to a smartphone or computer. Due to the use of cryptography and a host of other technical means, bitcoin is also a very secure digital currency that is not subject to inflation or political factors like traditional currencies.
Also, as a decentralized digital currency, bitcoin operates without the control of any central bank or government. Any computer that runs the Bitcoin open source code is referred to as a node on the blockchain network without any application, regardless of its owner or location, and then can issue and trade bitcoins.
Over the years, bitcoin has become one of the most valuable currencies in the world and has gained international recognition. Bitcoin has a rich historical development at one point reaching over $68,000 in 2021 and has reached a total market capitalization of over $1.2 trillion.
Bitcoin is a revolutionary digital currency born in 2009, after the 2007-2008 subprime mortgage crisis, and created by Satoshi Nakamoto, a pseudonym used by an individual or group of people who released the Bitcoin white paper.
As a cryptography-based digital currency, bitcoin is peer-to-peer and decentralized. In other words, it provides an alternative method of payment that is accessible by anyone around the world, who have access to a smartphone or computer. Due to the use of cryptography and a host of other technical means, bitcoin is also a very secure digital currency that is not subject to inflation or political factors like traditional currencies.
Also, as a decentralized digital currency, bitcoin operates without the control of any central bank or government. Any computer that runs the Bitcoin open source code is referred to as a node on the blockchain network without any application, regardless of its owner or location, and then can issue and trade bitcoins.
Over the years, bitcoin has become one of the most valuable currencies in the world and has gained international recognition. Bitcoin has a rich historical development at one point reaching over $68,000 in 2021 and has reached a total market capitalization of over $1.2 trillion.