concepts in bitcoin

in #bitcoin2 years ago

Bitcoin is an online currency that uses blockchain technology to record transactions and verify ownership. It is the first digital currency to be designed from the ground up to be a peer-to-peer currency with no central authority or government control. This allows for the money to be transferred directly between users without going through a bank or other institution. The primary use of Bitcoin is to make payments.
But it was difficult to find tangible information on bitcoin, and there had been no instruction on how to invest. I kept hearing about bitcoin, which sounded like an interesting opportunity, but I didn’t know how to purchase bitcoin or how much it would cost to purchase bitcoin.
To be successful at bitcoin, it pays to be self-sufficient and have complete autonomy over your assets and resources while being forced to follow protocols and the law of the land.
The first step in being successful at bitcoin is to understand where it came from and where it’s going. Bitcoin was originally created by an unknown person or persons, thought to be pseudonymous, under the name Satoshi Nakamoto. It was envisioned as a peer-to-peer version of electronic cash and a system to allow for an online store.

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