Contest // Topic of the week №38 // Who first told you about Bitcoin?

Hello good evening,how are you all doing. Thank you @slon21veka for this wonderful contest. This week, I am here to talk about bitcoin and the first told me about it.

The word bitcoin was characterized in a white paper published on 31 October 2008.It is a compound of the words bit and coin. Bitcoins are made as a prize for an interaction known as mining. They can be traded for different monetary standards, items, and administrations, however this present reality worth of the coins is very unpredictable.

No one claims the Bitcoin network similar as nobody possesses the innovation behind email. Bitcoin is constrained by all Bitcoin clients all throughout the planet. While engineers are working on the product, they can't compel an adjustment of the Bitcoin convention since all clients are allowed to pick what programming and form they use.

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Bitcoin has been censured for its utilization in unlawful exchanges, the enormous measure of power utilized by mining, value unpredictability, and burglaries from trades. A few business analysts and reporters have described it as a speculative air pocket at different occasions. Bitcoin has likewise been utilized as a speculation, albeit a few administrative organizations have given financial backer alarms about bitcoin.

I have never heard of bitcoin before😢till I said using smart phone. I see this on many guy’s statuses on whatssap. I keep on asking them but they never mind. Some explained it to me but I never understand till I join this blockchain. I learnt a lot about bitcoin of this platform. I now know about bitcoin and everything about bitcoin. How it raises and fall and all that.

I invite @piini @aisha567 and @awumpini to join this contest.

Thank you for reading.