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Author Topic: What Is Bitcoin?  (Read 26 times)

Babyfacemagee

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What Is Bitcoin?
« on: November 30, 2017, 09:04:41 AM »
Bitcoin is the first and original cryptocurrency introduced to the world in 2009.  It was created by Satoshi Nakamoto, a mysterious, as yet unidentified figure (or group) that wrote a famous 'white paper' in 2008 introducing the technology and theory behind Bitcoin.  Bitcoin is a digital 'currency' as well as 'store of value' that uses an immutable public ledger to record transactions, and permits peer to peer transfer of Bitcoin and therefore value between parties without the need of a 3rd party.  The groundbreaking technology that makes Bitcoin possible is called the 'Blockchain'.
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