Bitcoin: The use of digitized currency

in hive-175254 •  3 years ago 

Hello Friends,

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Bitcoin, the most popular form of digital money / emoney, or cryptocurrency today, is a currency that can only be used to transact over the Internet instead of the traditional currency.

This currency is fully circulated on the Internet. Although this is another currency such as the Rupee, Dollar, Pound and Euro, there is no bank, individual or institution to control the behavior of Bitcoin.

It is a currency designed to control the growing demand for money. Bitcoin roams a network that is unique to it, and this currency is used by users of that network.

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Who started it?


  • Satoshi Nakamoto, a software engineer who first proposed Bitcoin, introduced it in 2009 as an online currency.

  • The main purpose of this was to use money without submitting to an administration. Interested computer scientists and information security experts around the world are reportedly constantly monitoring the Bitcoin source code network in operation.

  • This can be described as the latest wave of investment in the business world.

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hello @tanvik,
from the beginning the BTC caused a lot of revolution since until that moment the decentralization of money had not been popularized, without a doubt it is a great leap in technology. now it is said that the BTC will also allow smart contracts, if this is true the BTC could reach over 100k$.

Casn you explain why my post shows as muted? Can you fix it? Thank you.

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