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() |
|---|---|
| Daisha | $150 |
| Jacinta22 | $300 |
| Geraldine | $800 |
| Jane24 | $650.12 |
| Joshua | $150 |
| Harris | $300 |
| Germain | $720.12 |
| Justine | $120 |
| NAME | AMOUNT() |
|---|---|
| Logan | $375 |
| Addison | $670 |
| Akash | $1250 |
| Jackson | $338 |
| Carter | $355 |
| Jane | $730 |
| Anthony | $1100 |
| Wyatt | $1200 |
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