hawk@hawkk·Jun 19

First, we need to define Bitcoin. Bitcoin is a peer-to-peer payment system that uses a unit of the same name to record transactions. Cryptographic methods are used to ensure the functioning and protection of the system. But the most interesting thing is that all information about transactions between system addresses is available in open form. This coin dates back to 2009. Its developer is Satoshi Nakamoto. Already in 2009, people were talking about Bitcoin, but they believed that all this could not make them rich and how deeply they were mistaken... Bitcoins can be used to exchange for goods or services from merchants who agree to accept them. Exchange for conventional currencies occurs through online digital currency exchange services, other payment systems, exchange offices, or directly between interested parties. The Bitcoin price depends solely on the balance of supply and demand; it is not regulated or restrained by anyone. At the same time, no one is obliged to accept bitcoins, that is, there is no mechanism to get anything for them if for some reason they refuse to buy or accept them as payment. One of the main features of the system is complete decentralization: there is no central administrator or any equivalent. A necessary and sufficient element of this payment system is the basic client program. Client programs running on multiple computers are connected to each other into a peer-to-peer network, each node of which is equal and self-sufficient. Public or private control of the system, including changing the total number of bitcoins, is impossible. In general, you can say a lot about this cryptocurrency, but I told you the main and interesting things. If you liked the article, please like and repost, I will be very pleased.❤️

Post by @hawkk