What is Bitcoin | What County

What is Bitcoin

Bitcoin is the oldest and world’s leading cryptocurrency. The term Bitcoin is composed of the English terms “bit” (digital storage unit) and “coin” (German: Münze) and stands for a digital coin. Bitcoin exist exclusively virtually, namely as a digital string. Unlike conventional currencies, Bitcoin (BTC) is independent of states and banks.
In addition, the Internet currency is considered inflation-proof, since its absolute amount is limited to 21 million.

What is Bitcoin
What is Bitcoin
Bitcoin
Bitcoin

This was also the goal of the inventor Satoshi Nakamoto (thus the pseudonym of the unknown software developer or software development team). In the face of the global economic crisis in 2007, he wanted to provide the world public with an independent transaction system that was cryptographically secured, verifiable and immutable. In 2009, he created the first of today’s numerous cryptocurrencies.

What is a Bitcoin and how does it work?
How does Bitcoin make money?
What is the main purpose of Bitcoin?
What is Bitcoin in very simple terms?

Leave a Reply

Your email address will not be published. Required fields are marked *