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Information about Bitcoin (BTC)

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Avatar for Tarek14
Written by   7
1 year ago

Hello Friends!

I'm going to share you the initiative of Bitcoin that you should known.

What is Bitcoin?

  • Bitcoin is the most popular cryptocurrency in the world. It is a digital currency that is not centralized and controlled by the Government or any Institution. It only exist in the Blockchain.

Many have a question what is blockchain, right?

  • Blockchain is a record of data that is managed by a lot of computers but not owned by a single person or entity. It's network looks like a chain. Each data are secured in the blockchain. Anyone can view the source code of Bitcoin. By using Elliptic Curve Digital Signature Algorithm (ECDSA), Bitcoin is secured cryptographically. One can track the data because of the transparency of Bitcoin.

Who and when created Bitcoin?

  • The founder of Bitcoin is Satoshi Nakamoto.

  • In 2009, the concept of Bitcoin was first published by Satoshi Nakamoto. The concept of cryptocurrency was described by Wei Dai in 1998. Bitcoin is the first implementation of the concept of cryptocurrency. Now, We can use Cryptocurrency in digital platform. Mining of Bitcoin is very popular nowadays.

There are lot of cryptocurrencies. Cryptocurrency plays a vital role in the upcoming future.

Thank for reading

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Written by   7
1 year ago
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Comments

Thanks for this greatful information.keep it up

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1 year ago

Thank you for your feedback

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1 year ago

Welcome

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