Bitcoin is a digital currency created in January 2009 following the housing market crash. It follows the ideas set out in a whitepaper by the mysterious and pseudonymous Satoshi Nakamoto. The identity of the person or persons who created the technology is still a mystery. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies.
There are no physical bitcoins, only balances kept on a public ledger That everyone has transparent access to, that – along with all Bitcoin transactions – is verified by a massive amount of computing power. Bitcoins are not issued or backed by any banks or governments, nor are individual bitcoins valuable as a commodity. Despite it not being legal tender, Bitcoin charts high on popularity, and has triggered the launch of hundreds of other virtual currencies collectively referred to as Altcoins.
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Each Bitcoin is basically a computer file which is stored in a 'digital wallet' app on a smartphone or computer. People can send Bitcoins (or part of one) to your digital wallet, and you can send Bitcoins to other people. Every single transaction is recorded in a public list called the blockchain.
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| NAME | AMOUNT() |
|---|---|
| Scott | $500 |
| Kelvin01 | $132.1 |
| Ismaily | $310.12 |
| Cherish | $660 |
| Melford | $355 |
| Emma | $733.22 |
| GeraldDoge | $405.31 |
| Calistar | $600 |
| NAME | AMOUNT() |
|---|---|
| Charlotte | $1080 |
| Jayden | $350 |
| Jacob | $655 |
| Ava | $780 |
| Ethan | $385 |
| Elizabeth | $870 |
| Mark | $620 |
| Liam | $750 |
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