Bitcoin is a digital cryptocurrency. It is generated from computers that spend a lot of time and electricity trying to solve formulas. When they do, we have a new Bitcoin on the internet. There are no real physical banknotes or coins. A Bitcoin has been worth over $ 18,000 and can be used to buy cars, houses, slips and anything. Even being digital and this is not the big differential of Bitcoin. Get the best crypto news now and be the best in trading.
After all, your money in the bank checking account is also digital. You must spend thousands of dollars without physically contacting the money. This probably happens if you have a salary account. If you want to learn all about how to get financial education to invest more money monthly, read online blogs.
Bitcoin is disruptive because it is 100% decentralized first money. There are no governments, economies or companies that regulate the cryptocurrency market. It is literally money from the internet. If the internet is the sender and receiver of money, then we are talking about a global and completely new market.
How can something regulated by the internet itself be safe?
You will already understand all this. We have prepared this complete guide so that you understand once and for all what Bitcoin is, how it works, how to mine, and how Bitcoin investments work. In this country, 58% of people have access to the internet. This is around 102 million Internet users. It has never been so popular here and in the world.
Do you doubt? About 66% of the world’s population has a mobile phone, probably with internet access. The internet is in the world and this is a movement with no return. A practical comparison: People will only abandon cars when another solution is cheaper, faster, and more practical. Similarly, the internet will never end. Economies and countries may be shaken and even destroyed, but the internet will remain strong.
History of Bitcoin
Bitcoin is very similar to the internet. Many experts compare the momentum of Bitcoin and cryptocurrencies to the rise of the internet. Bitcoin is a cryptocurrency developed by Satoshi Nakamoto which can be a genius personal or a group of genius programmers. No one knows the true identity of who authored Bitcoin. In 2008, Satoshi published a PDF where he explains the concept and operation of a 100% decentralized digital currency based on a peer-to-peer system.
If you already downloaded something via torrent you were already part of a P2P network. This acronym comes from English and means a peer-to-peer network. It is a computer network architecture. In it, each of the network nodes or nodes functions as both client and server, allowing services and data shares without the need for a central server.
Bitcoin is a crypto currency and a P2P network called the Block chain or security protocol. In this network, the new currencies are generated following the rules of Satoshi Nakamoto. Also, it is in the Block chain that all transactions are validated. As said, in this network, Bitcoin is generated. And whenever it goes from one wallet to another, the path taken is written to your code. So every Bitcoin is traceable.