BITCOINS

BIT COIN DETIAL

probably because you've heard about this thing called Bitcoin. Well, the concept is so much more than just a percentage of your investment portfolio.Buy BitCoin & Crypto OFFER So for those of you who are curious, but maybe a little bit wary about Bitcoin, here's a guide to everything that you need to know. In this article, I'll cover what Bitcoin is, how it was created and where you can buy, sell and store your bitcoins. So first up, what is Bitcoin? Well, to put it simply, B itcoin is Internet money. It's a currency that's not controlled by a single bank or government or even a nation. Instead, it's stored on the blockchain, which is essentially a digital database. It's decentralised and verified by codes on a computer. Each Bitcoin has its own unique digital fingerprint, and by buying Bitcoin, it can be thought of as buying a spot in the blockchain, which then records your purchase publicly, but also permanently. 

So where did Bitcoin come from? Well, it was invented in 2008 by Satoshi Nakamoto, a pseudonymous person or persons whose real identity is actually remaining unknown. Many people have speculations over who the creator could be, but as of yet, nothing is confirmed now. In fact, if you actually Google it, an engineer with the same name will come up. But he has countlessly denied that he's the creator. Many people actually believe it's best that we don't know who created this digital currency due to the decentralised nature of no one having control ownership over Bitcoin. So how is it still able to operate if no one knows who the creator is? While a 9 page white paper was made explaining the concept. Bitcoin, a peer-to-peer electronic cash system. It stated the fundamental architecture behind this new money alternative. And this was shared on the Internet chat system with people who also had similar visions. Now fast forward to January 2009, when the first block of Bitcoin was mined. W e will refer to this as the Genesis block. A big clue to the core fundamental reason behind the creation of Bitcoin actually lies in the Genesis block itself. That is a special message inside stating “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." So as Bitcoin is anonymous, this personalised message actually tells us so much about Bitcoin, the fact it wasBuy BitCoin & Crypto OFFER created as an alternative to the financial crisis of 2008. Now let's talk about some of the characteristics of Bitcoin. Bitcoin is what programmers would call to as cryptographic protocol. But to me and you, we know this as cryptocurrency. The protocol actually creates unique pieces of digital property that can be transferred from one person to another. This protocol actually makes it impossible to double spend Bitcoin, meaning you can't spend the same Bitcoin twice. Now, people often say Bitcoin is anonymous, but in actual fact, Bitcoin is less anonymous than cash. Supply of Bitcoin is limited to a fixed number of 21 million bitcoin, making a scarce asset. 

With scarcity considered actually higher than gold in some regard, this should protect the price of Bitcoin against inflation. One of the biggest misconceptions that you have is that you have to buy a whole Bitcoin. Actually, you can buy fractions of Bitcoin known as satoshis. So even one Bitcoin is worth a lot, the system is still useful for very tiny transactions. People primarily buy and sell bitcoins through online trading platforms like the one on the screen you can see now. The public address and private keys are both required to trade, sell and spend Bitcoin and they are the imperative to keeping your cryptocurrency safe. SoBuy BitCoin & Crypto OFFER while you of course can do your grocery shopping using bitcoin, its financial status is much more likely to be considered as digital gold, meaning that as most people are using it as an investment class and their portfolios or long term savings plans. Well, we hope this clarified everything that you need to know about Bitcoin. 

TAGS:

price bitcoin bitcoin kurs ethereum bitcoin usd bitcoin stock bitcoin price usd ethereum price bitcoin stock price bitcoin dolar bitcoin euro dogecoin buy bitcoin bitcoin dollar bitcoin precio mining bitcoin tesla bitcoin what is bitcoin tesla bitcoin news bitcoin today bitcoin tl bitcoin kaç tl bitcoin cash koers bitcoin price of bitcoin gamestop aktie burritos or bitcoin gamestop stock amc stock gme stock dogecoin price dogecoin who started bitcoin doge coin cardano elon musk elon musk bitcoin bitcoin dominance precio del bitcoin hoy en dólares bitcoin kurs aktuell riot stock bitcoin meester tesla bitcoin binance bitcoin bitcoin etf valor bitcoin tiempo real binance bitcoin precio dólar bitcoin aktuell tesla