What Is Bitcoin And How It Works?
What is Bitcoin? Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009. It is a digital currency in the form of electronic cash which is used and distributed electronically. Bitcoin is a decentralized currency that works in a p2p network. It is not controlled by a single institution or person. Bitcoin transactions are made with no middlemen. In 2017–2018 price-per-coin reached to $20,000. Today some retailers accept bitcoin for online transactions. What Is Bitcoin And How It Works Why Bitcoin? As bitcoin is a digital currency and it was created as an alternative for decentralized payment method. The advantage of bitcoin is it reduces the transfer charges like the banking sector. Bitcoin can be used to buy merchandise secretly if both parties agree with the transaction. Due to bitcoin, international payments are easy and cheap because bitcoins are not tied with any country. Many people using bitcoin only as an investment as it will give good value to them i