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() |
|---|---|
| Kawasaki | $550 |
| Raman | $300 |
| Umar | $160 |
| Jeremiah | $450 |
| Cecil | $150 |
| Ferdinand | $145 |
| Ferna | $100 |
| Karla Walters | $1602 |
| NAME | AMOUNT() |
|---|---|
| Lucas | $380 |
| Carter | $355 |
| Brody | $390 |
| Madison | $680 |
| Jayden | $350 |
| Henry | $1250 |
| Gabriel | $2700 |
| Mason | $1300 |
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