Bitcoin: It is a first decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries. Decentralized ? Bitcoin does not have a central authority and the bitcoin network is decentralized: no central server, bitcoin network is peer-to-peer, no central storage, bitcoin ledger is distribute. The ledger is public, anybody can store it on their computer, no single administrator the ledger is maintained by a network of equally privileged miners, Anybody can become a miner. Bitcoin was the first popular cryptocoin. No one knows exactly who created it — most cryptocurrencies are designed for maximum anonymity — but bitcoins first appeared in 2009 from a developer supposedly named Satoshi Nakamoto. He has since disappeared and left behind a Bitcoin fortune. Because bitcoin was the first major cryptocurrency, all ...
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