What is Bitcoin

What is Bitcoin

January 9, 2018 0 By MoonMerchant

 

Bitcoin is basically created for the alternative of normal currency. It’s a worldwide payment system and it will a cryptocurrency. Bitcoin is the first decentralized digital currency where has no central bank or any single administrator. Bitcoin work on blockcain technology where network is peer to peer and transactions take place between users directly, without an intermediary. There has not any third party between sender and receiver. It make this currency encrypted. Bitcoin was invented by an unknown person or group of people, named “Satoshi Nakamoto”. It was released as open source software in 2009. Bitcoins are created as a reward for a process known as mining.

At present time Bitcoin is the most valuable currency in the world. The value of Bitcoin is more than gold.

 

To be continues……………..