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What Is Bitcoin? Full Answer! by 2020music: 2:06pm On May 04, 2017 |
What is Bitcoin? Bitcoin is a form of digital currency that was designed in 2009 by Satoshi Nakamoto. This electronic currency operates quick similarly to printed currencies such as dollars, euros, or yen, in that you can use bitcoin to purchase things electronically. However, unlike standard currencies which are printed and monitored by central banks, bitcoin is completely decentralized and is created, held, and traded by people and businesses. In fact, that's the entire idea behind bitcoin's conceptualization. Coins are completely independent of any central authority, able to be transferred electronically, and has very low transaction fees. Founder, Date and small Introduction to Bitcoin Since the creation of Bitcoin in 2009 by mysterious figure, Satoshi Nakamoto, the electronic currency has made quite an impression on the digital world. While completely decentralized and controlled by internet users like you and me, bitcoin works very similarly to standard currencies in that these "coins" may be used to make anonymous every day purchases and even online trades. How Does Bitcoin Work? READ MORE @ Source http://bookspen.ltd/bitcoin-full-answer/
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