WHAT ISBITCOIN ?
Every country has its own currency. Estonia and the Euro zone have the Euro, Russia has the Rouble and the USA have US Dollars. We exchange money in banks or specialized foreign exchanges, transfer it worldwide and invest it. In our times of technological innovation it is safe to
say that most, if not all money transfers are conducted through the Internet.
Is it then such a great surprise that an online currency such as Bitcoin has emerged? Interest in the currency has grown towards the end of 2013 due to significant spikes in the currency's value, but let's start from
the beginning. In 2009, an unknown programmer by the name of Satoshi Nakamoto
put forward a whitepaper that proposed a creation of new form of digital currency - cryptocurrency.
Cryptocurrency functions the same way as regular currencies do in that its used as a means of exchange, unit of account and a
store of value. Cryptocurrency, just like other resources, has some demand for it, and subsequently a market price. The
significant difference is Bitcoin's intangibility - there is no bank-issued
notes or papers - meaning that rather being used in hand-to-hand transactions,Bitcoins are stored and exchanged digitally within a decentralized, peer-to-peer network.
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كمال رامي سامر
- المساهمات : 1904
تاريخ التسجيل : 04/12/2020
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