What is Bitcoin?

in what •  6 years ago 

What is Bitcoin?


 Who invented Bitcoin?

The inventor of Bitcoin, Satoshi Nakamoto, outlined what Bitcoin is in the original 2009 Bitcoin Whitepaper - is a document which created a social contract for Roadmap and Bitcoin. To date, this is still the most simple and accurate description of what Bitcoin is. Whatever Bitcoin is known as 'digital cash', first 'cryptocurrency', an international payment network, and 'internet of money' - Whatever you want to call it - Bitcoin is a revolution that way people Thinking about is changing and use the money. On August 1, 2017, Bitcoin split when there was a permanent fork deviation in the blockchain, causing two blockchains: Bitcoin Core (BTC) and Bitcoin Cash (BCH). Bitcoin Cash, which retains the properties of fast, decentralized, affordable Bitcoin network transaction, is upgraded to the new version of Bitcoin.

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To clarify further: The Bitcoin Core (BTC) is extremely useless for high fees and delay in forming an unstable and unreliable deprecated network due to the time of transaction. The core developer team has also expressed interest in keeping these fees high because they see BTC as a "store-worth" and not something else to be traded on a daily basis. Conversely, Bitcoin cash transaction fees can be validated with the amount of money spent and payment can also be confirmed with zero. These facts make cryptocurrency ideal for sending BCH and receiving money anywhere in the world.)


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