My fist blog

My First Blog Entry on Bitcoin

This is my very first blog post and I’m quite excited about it because it opens a discussion on bitcoin. Bitcoin is essentially a virtual currency that was created in late 2009 according to evidence that cites an unknown satorinakamoto.com as the creator. Bitcoin does not rely on institutions for financial support, in contrast to the fiat system. That is to say, it uses a Peer to Peer network to send and receive money which guarantees low fees.

The best thing about bitcoin is that it is not fiat, hence there are no centralised entities or authorities that control the value of it. It is quite clear that the evolution of bitcoin since 2009 has been a huge rise. Its worth has been of great interest to a lot of people and with constant speculation and development its projected on continuing to evolve.

This blog is for people who are making efforts to decode the myth which this practical currency has truly become in this world. Thanks for reading!