What is mean by BITCOIN
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| wccftech.com |
Bitcoin was invented by an unknown person or
group of people under the name Satoshi Nakamoto and released as open-source
software in 2009.
The word bitcoin first was defined in the
white paper that was published on 31 October 2008. It is a compound of the
words bit and coin.
| www.thenextweb.com |
On 18 August 2008, the domain name
"bitcoin.org" was registered.
A Peer-to-Peer Electronic Cash System was
posted to a cryptography mailing list.
| www.medium.com |
Bitcoin is a crypto-currency and worldwide
payment system.It is the first decentralized digital currency, as the system
works without a central bank or single administrator. The network is
peer-to-peer and transactions take place between users directly, without an
intermediary. These transactions are verified by network nodes through the use
of cryptography and recorded in a public distributed ledger called a blockchain.
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| www.coinpedia.com |
Bitcoins are created as a reward for a
process known as mining. They can be exchanged for other currencies, products,
and services. As of February 2015, over 100,000 merchants and vendors accepted
bitcoin as payment.
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| www.kryptomoney.com |
Research produced by the University of
Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users
using a cryptocurrency wallet, most of them using bitcoin.
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