Bitcoin: The Decentralized Digital Asset

Bitcoin: The Decentralized Digital Asset

Bitcoin is a decentralized digital currency created in 2009 by an unknown person using the pseudonym Satoshi Nakamoto

Transactions are verified on a blockchain by a network of nodes

Cryptography ensures the security of transactions and controls bitcoin creation

Miners use proof-of-work to validate transactions and add new blocks

The supply of bitcoins is capped at 21 million, creating scarcity

Bitcoin offers pseudonymous transactions with public blockchain history

Bitcoin’s decentralized nature resists censorship and interference

Check out Cointopper for more stories like this

Learn more