Win Bitcoin
FREEBITCOIN
What Is
Bitcoin?
Bitcoin is a digital currency created
in January 2009. 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, unlike government-issued currencies, it is
operated by a decentralized authority.
Bitcoin is a type of cryptocurrency. There is no physical bitcoin, only
balances kept on a public ledger that everyone has transparent access to. All
bitcoin transactions are verified by a massive amount of computing power.
Bitcoin is not issued or backed by any banks or governments, nor is an
individual bitcoin valuable as a commodity. Despite it not being legal
tender in most parts of the world, bitcoin is very popular and has
triggered the launch of hundreds of other cryptocurrencies, collectively
referred to as altcoins.
Bitcoin is commonly abbreviated as "BTC."
Comments
Post a Comment