Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services in legal or black markets. As of February 2015, over 100,000 merchants and vendors accept bitcoin as payment.
Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
This is a good post dear.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good post share.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
@khulna34, I gave you a vote!
If you follow me, I will also follow you in return!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good cryptocurrency post.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Congratulations @khulna34! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click on the badge to view your Board of Honor.
If you no longer want to receive notifications, reply to this comment with the word
STOPDo not miss the last post from @steemitboard:
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit