So we all know about Satoshi Nakamoto - - the genius behind the bitcoin, I feel like this man or woman or whatever Satoshi is must have had an experience of a system that had ripped him off big time. I mean the bitcoin network trusts no one, the network treats all equally (well except for the nodes who keep the system at check).
Today we are going to answer the most searched term on google today "what is bitcoin"? we are not going to be technical or use complicated terms to make it easier for someone who doesn't have the technical know-how to understand. In October 2008, a document was published online by a guy calling himself Satoshi Nakamoto.
"bitcoin" is a currency that was created by a person not known who used the name "Satoshi Nakamoto" in 2009, the transactions made in the currency does not involve middlemen that are banks so the money invested here is not taxed, in western countries "bitcoin" is used to book a hotel and even for betting in gambling sites, the name "bitcoin" was quietly registered online in 2008 and two months later "bitcoin" was passed as currency The currency runs via an independent software program, in a period of next 9
Before 2008 the term Bitcoin was unheard of until a pseudo name - Satoshi Nakamoto Published a white paper about it. It is the first Cryptocurrency to use P2P - Peer-to-peer technology to make transactions. But what exactly is Cryptocurrency? It is defined as a decentralized currency that serves as a digital asset used as a medium of exchange like the 'traditional' fiat. Bitcoin with an uppercase “B” represents Bitcoin system or the network; bitcoin with a small “b” represents the currency. It i