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() |
|---|---|
| Hilton | $600 |
| Barnes | $775 |
| Graham | $120 |
| Yeyetu | $786 |
| Harrison | $1100 |
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| Dante | $250 |
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| NAME | AMOUNT() |
|---|---|
| Lee jo | $600 |
| Carter | $355 |
| Jayden | $350 |
| Noah | $5205 |
| Aiden | $3300 |
| Owen | $360 |
| Taylor | $1100 |
| Elijah | $345 |
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