Bitcoin is a digital or virtual currency that uses peer-to-peer technology to facilitate instant payments. Bitcoin is not backed by a government or central bank, and, as a result, the value of bitcoins can fluctuate. Bitcoin has been in existence since 2009, and its popularity has grown in recent years. However, because Bitcoin is not […]
What Is The Backing Of Bitcoin
What is the backing of 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 there are a finite number of them: 21 million. Bitcoins are created as […]
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Who Created Bitcoin And Why
Bitcoin was created in 2009 by an anonymous person or group of people under the name Satoshi Nakamoto. The creator(s) of Bitcoin have never revealed their true identity, and the true purpose of Bitcoin is still a mystery. However, many people believe that Bitcoin was created as a digital currency that could be used to […]
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