Saturday, July 28, 2018

Bitcoin cryptocurrency


Bitcoin is a cryptocurrency, a form of electronic cash.it is decentralised digital currency without a central bank or single administrator.

Bitcoin can be sent from user to user on the peer-to-peer bitcoin network directly,with witthe need for intermediaries are widely used.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called Blockchain.
Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto and released as open source software in 2009.
  Bitcoin as created as reward for a process know as mining. They can be exchanged for other currencies,produ pro and services.
Bitcoin has been criticized for its use in illegal transactions,it's high electiciele consumption,price volatility,thefts from exchanges and possibility that bitcoin is an economic bubble.

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