Bitcoin is a digital currency that was created and held electronically. No one controls it. Bitcoins aren’t printed, like fiat currency –there would only ever be 21 million bitcoins in total. they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems.
A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment system based on mathematical proof. The idea was to produce a currency independent of any central authority, transferable electronically, more or less instantly, with very low transaction fees.
Bitcoin is an innovative payment network and a new kind of money.
What is Blockchain Technology? How Does Blockchain Technology Work?
A ฺBlockchain is a digitized, decentralized, public ledger of all Cryptocurrency transactions. Constantly growing as ‘completed’ blocks (the most recent transactions) are recorded and added to it in chronological order, it allows market participants to keep track of digital currency transactions without central record keeping. Each node (a computer connected to the network) gets a copy of the Blockchain, which is downloaded automatically.
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Bitfinex (BFX) is a major crypto-currency trading and currency-storage platform own and solely operated by a Hong kong based firm called iFinex Inc. Bitfinex since 2014 have facilitated the US Dollar-based trading of Bitcoin and other Altcoins which include Ethereum and Monero. It has since ... Read More
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Bitcoin and Blockchain are the buzzwords of the year. I am sure you’d have heard of Bitcoins and Blockchain. After all, they are the trending and media’s favourite topics these days — the buzzwords of the year. Even people who’ve never mined a cryptocurrency or ... Read More
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