3 thoughts on “What is Bitcoin?”

  1. Bitcoin (virtual currency)

    Bitcoin can be used to fulfill and can be exchanged for currency in most countries. Users can buy some virtual items with Bitcoin, such as clothes, hats, equipment, etc. in online games. As long as someone accepts it, it can also use Bitcoin to buy items in real life.
    The biggest difference between Bitcoin and other virtual currencies is that its total number is very limited and has a strong scarcity. The currency system has only exceeded 10.5 million in 4 years, and the total number will be permanently limited to 21 million.
    The concept of Bitcoin was initially proposed by Nakamoto Satoshi in 2009. Bitcoin is also used to call Bitcoin. The open source software and constructing the P2P network on it according to the idea of ​​Satoshi Nakamoto. Unlike most currencies, Bitcoin does not depend on a specific central distribution agency. It uses a distributed database of the entire P2P network node to record currency transactions, and uses cryptography design to ensure the security of all aspects of currency circulation. [1]

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