Bitcoin (₿) is a cryptocurrency, a form of electronic cash.It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
Pre-history. Prior to the release of bitcoin there were a number of digital cash technologies starting with the issuer based ecash protocols of David Chaum and Stefan Brands. Adam Back developed hashcash, a proof-of-work scheme for spam control. The first proposals for distributed digital scarcity based cryptocurrencies were Wei Dai's b-money and Nick Szabo's bit gold.
This site allows you to: See the Bitcoin exchange rate i.e. the current value of one bitcoin.; Convert any amount to or from your preferred currency.; Bitcoin is a digital currency.You can use Bitcoin to send money to anyone via the Internet with no middleman.
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Here’s why we could witness a potential crash in Bitcoin, why bitcoin miners could soon become obsolete, and how governments around the world are about to challenge Bitcoin by launching cryptocurrencies of their own.
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