history of the most expensive digital money in the present (BTC)steemCreated with Sketch.

in #cryptocurrency7 years ago

Dear steemit friend :

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Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with the open source software that he designed, and also uses a peer-to-peer network without centralized storage or a single administrator where the US Treasury calls the bitcoins of a decentralized currency. Unlike most common currencies, bitcoin does not depend on trusting major publishers. Bitcoin uses a database that is distributed and spread to the nodes of a P2P network to a transaction journal, and uses cryptography to provide basic security functions, such as ensuring that bitcoins can only be spent by people owning them, and never be more from one time.

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Bitcoin

The bulk of the Transaction is verified and protected by decentralized peer-to-peer networks. [1] Introduced3 January 2009International UsersPrinting25BTC every ten minutes SourceTotal BTC in Circulation MethodNew Bitcoin value will be halved every four years until it reaches 21 million BTC [2]: 17Subsatuan .00000001satoshi [ 3] Symbols BTC, XBT, [4] , ฿ (same as baht symbols), [5] Ƀ [6]

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The design of Bitcoin allows for anonymous ownership and transfer of wealth. Bitcoin - bitcoin can be stored on a personal computer in a wallet file format or stored by a third party wallet service, and apart from all that bitcoin can be sent over the internet to anyone with a Bitcoin address. The peer-to-peer bitcoin topology and the lack of a single administration make it impossible for any governmental authority to manipulate the value of bitcoin - bitcoin or cause inflation by producing more bitcoin.

Bitcoin is one of the first implementations of the so-called cryptocurrency, first described by Wei Dai in 1998 in the cypherpunks mailing list

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