image sourceBit coin is one of the best, biggest and most popular crypto currency in the world. It has become so unique that it has to be divided into two components, namely ;
*bit coin - the - token :
This is a code that represents ownership.
*bit coin-the-protocol:
They oversee the ledger balances of the bit coin - the - token.
Bit coin has it own currency which are printed out like money.
What is bit coin?
Bit coin can be referred to as the first decentralized digital money in the world.
Bit coin is an encryption method used to generate currency and regulate transfer of money to their various allocation.
Origin of bit coin?
Sato Shi Nakatomi is a pseudonym software designer. He proposed bit coin in the year 2008,he saw it as a way of transferring money independently of Central authority, but in a secured and reliable way.
Up till date, no knows who Nakatomi really his.
Bit coin is more better and differs from traditional /fiat digital in so many ways, namely ;
*pseudonimity
*limited supply
*decentralization
*immutability
*sharing /divisibility.
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