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Bitcoin, A Decentralized Cryptocurrency For Peer-to-peer Transanctions
4 months ago
125
Bitcoin is a decentralized digital currency used for encrypted, peer-to-peer transactions without needing a central bank. It was created by Satoshi Nakamoto, a pseudonymous person or team who outlined the technology in a 2008 white paper. Bitcoin operates on a blockchain, which is a distributed ledger that records every transaction ever made using bitcoin. Unlike traditional currencies, Bitcoin is not controlled by any single entity, and there are only 21 million bitcoins that will ever be created. It can be used as an investment vehicle, a store of value, or a way to transfer value around the world. Bitcoin is legal to use, hold, and trade, and can be spent on various goods and services
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