Bitcoin is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.
Bitcoin was introduced to the public in 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.
It has since become the most well-known cryptocurrency in the world. Its popularity has inspired the development of many other cryptocurrencies. These competitors either attempt to replace it as a payment system or are used as utility or security tokens in other blockchains and emerging financial technologies.
Author: Benison Okoremu
LEARN ABOUT NFT TECHNOLOGY
“With all the hysterical hype around NFTs, it’s easy for us to approach them with cynicism and distrust. The thing is, those massive auctions only represent a tiny fraction of what NFTs have to offer.
I talk about the most exciting parts of NFT technology and explain all the utility they have outside of making Beeple a kajillion dollars.“
Oghenetejiri benison okoremu, Creative Director at crypto buddy
CRYPTEST 