What backs the Bitcoin? Bitcoins are digital units that are created and stored electronically. They are not regulated by any government and their value is determined by the demand from buyers and sellers. Bitcoins were created in 2009 by a pseudonymous person or group of people using the name Satoshi Nakamoto. The value of a […]
Who Backs Up Bitcoin
In the cryptocurrency world, Bitcoin is king. But what happens if something happens to Bitcoin? Who backs up Bitcoin? Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that […]
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