Bitcoin is an online-only digital currency or cryptocurrency. It is entirely electronic and does not exist in physical form. Think of it as electronic cash. Bitcoin was first released in 2009 by Satoshi Nakamoto, though the real identity of this person or group remains a true mystery. There are several people that claim to be the original Satoshi Nakamoto, but nobody has been able or willing to prove it. Bitcoin has the noteworthy distinction of being the world’s first cryptocurrency.
What is Cryptocurrency?
Cryptocurrency is an online ‘token’; a type of currency that only exists in digital form. Like traditional currency, cryptocurrency values can go up and down, and they can be used to pay for goods and services. However, instead of exchanging physical banknotes and coins, unique digital keys are used to transfer cryptocurrency value between individuals.
For More : https://overblock.io/what-is-bitcoin
No comments:
Post a Comment