BITCOIN:A CURRENCY CHANGED THE WORLD.

in #bitcoin8 years ago

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.[11] The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain.

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Undoubtedly, Bitcoin and other alt coins have managed to create another channel for online transactions. This is just the beginning of a long term paradigm shift.

Yes @meyrep .You are right.

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