What Is Bitcoin?

in bitcoin •  6 years ago  (edited)

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Bitcoin, which is frequently spoken in our country and attracts the attention of most people, is a cryptographic currency that is found on paper by Satoshi Nakamoto on January 3, 2009 and created in a completely mathematical-based digital environment. It can't be printed like other types of money; it is produced by people using Software (miners) that solves mathematical problems. Krypto is the first currency in the money family. Bitcoin has emerged as an independent payment instrument that has no working time problem and offers 24/7 transfer possibilities.

It cannot be produced physically by any institution or organization. It has its own unique rules and is created in a digital environment by a community where everyone can participate. In the digital world, transactions in virtual currency are performed using Bitcoin's own payment network.

The biggest reason for the emergence of bitcoin is the Elimination of the state institutions that emerged during the transfer of money and the realization of the transactions in a shorter period of time than the normal transfer time. The increasing interest in bitcoin and the fact that a limited number of products will be produced continuously increases its value.

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