Exploring BITCOIN
Who invented Bitcoin?
Bitcoin’s inventor, Satoshi Nakamoto, outlined what Bitcoin is in the original 2009 Bitcoin whitepaper – a document which created the roadmap and social contract for Bitcoin. To date, this is still the most simple and accurate description of what Bitcoin is. Bitcoin which is also known as ‘digital cash’, the first ‘cryptocurrency’, an international payment network, and ‘the internet of money’ – whatever you want to call it – Bitcoin is a revolution that is changing the way people think about and use money. On August 1, 2017, Bitcoin split when there was a permanent fork divergence in the blockchain, thereby creating two blockchains: Bitcoin Core (BTC) and Bitcoin Cash (BCH). Bitcoin Cash is the upgraded newer version of Bitcoin which preserves the fast, decentralized, inexpensive qualities of Bitcoin network transactions.
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What is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a peer-to-peer electronic cash system. It is a consensus network that enables a new type of payment method and a completely digital form of money. It is a decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.
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