Bitcoin(BTC) is the leading cryptocurrency which was created in 2009 by an anonymous person on group using the pseudonym Satoshi Nakomoto. It operates on blockchain technology. Bitcoins are created through a mining process, which involves solving mathematical problems to add them in a block chain.
Bitcoin is decentralized cryptocurrency so no single entity or organization controls over it. Transactions are verified by network participants rather than a central authority. As bitcoin is open source, anyone can modify or contribute to its code with the approval from the community of developers and miners.
How bitcoin value influence?
Bitcoin has a maximum supply if 21 million coins, creating scarcity. As demand increases price typically rises.
Uses of bitcoin?
Bitcoin is use as a medium of Exchange, Investment and Payments. As it is a digital currency.
Is Bitcoin safe in future?
Bitcoin depends on the market volatility, regulatory environment, technological rises adoption acceptance so its future safety is contingent on market.
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