What is Bitcoin ?

What is Bitcoin ? Bitcoin is a Cryptocurrency and Worldwide Payment system. It is the First Decentralized digital currency, as the system works without a Central bank or single administrator. The network is Peer-to-Peer and transactions take place between users directly, without an intermediary. Who created it? A pseudonymous software developer going by the name of Satoshi Nakamoto¬†proposed bitcoin in 2008, as an electronic payment system based on mathematical proof. The idea was to produce a means of exchange, independent of any central authority, that could be transferred electronically in a secure.   How This Works? Transactions are verified by network Nodes through the use of Cryptography¬† and recorded in… Read More

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