What Is Bitcoin? How to Make Money With Bitcoin
What Is Bitcoin? The decentralized digital currency known as Bitcoin was developed in 2009 under the pseudonym Satoshi Nakamoto by an unidentified person or collection of individuals. It is based on a system known as blockchain, a distributed ledger that records all activities over a network of computers and is transparent, secure, and unchangeable. The fact that Bitcoin works without a central bank or a government is one of the primary characteristics that distinguishes it from conventional currencies. This makes Bitcoin a decentralized type of currency since no centralized body has any control over or oversight of its transactions. For a number of factors, Bitcoin has grown significantly in importance in the world of digital currency: Decentralization : Because Bitcoin is decentralized, it is immune to censorship and meddling from authorities, banking institutions, and other outside parties. Peer-to-peer transactions take place between users immediately and without the use of middlem