Individual bitcoins are created by computer code and their total value is. Bitcoin is a virtual currency that was created in 2009 by an unknown computer whizz using the alias satoshi nakamoto. Cryptocurrencies such as bitcoin run on a technology called blockchain essentially a huge online database of transactions.
Bitcoin is a cryptocurrency a form of digital money which can be bought with other currencies traded for them and where retailers accept it used to buy goods and services. Bitcoins are blocks of ultra secure data that are treated like money. The value and verification of individual bitcoins are provided by a global peer to peer network.
Bitcoin has no corresponding physical element like coins or paper bills despite the popular image of an actual coin above to illustrate it. It was created in 2009 by an anonymous developer who goes by the pseudonym satoshi nakamoto and hit the mainstream in 2013 following a rise in its value. Bitcoin is a digital currency also referred to as cryptocurrency that isn t controlled by any country treasury or central bank.
It can be used to buy or sell items from people and companies that accept bitcoin as payment. Bitcoin is a digital currency created in 2009 by a mysterious figure using the alias satoshi nakamoto. Bitcoin a is a cryptocurrency invented in 2008 by an unknown person or group of people using the name satoshi nakamoto and started in 2009 when its implementation was released as open source software.
Although there are some specialist. Unlike the notes or coins in your pocket it largely exists online. It is digital and it is seen as an alternative currency.
There are two key traits of bitcoin. You can use it to buy. It s like an online version of cash.
Bitcoin often described as a cryptocurrency a virtual currency or a digital currency is a type of money that is completely virtual.
