ISWSC Stamp Answer Person Question — How it Works
Showing posts for the question How it Works:
Jul 27 2023
|What is Bitcoin?
Bitcoin is the first digital currency. It uses the peer-to-peer protocol to make instant payments.
A bitcoin is divisible to eight decimal places – it represents a value of 10 to the power of 8.
It was created in 2009 by an anonymous developer (or a group of developers) whose pseudonym is Satoshi Nakamoto.
Over the years, it has become more a store of value than a P2P electronic cash system. And some holders now call it the “digital gold.”
But the Lightning Network is turning BTC into a real medium of exchange. Millions of users now use it on a daily basis.
Hopefully, bitcoin is a revolutionary form of sound money that has the potential to disrupt the current financial system, to become a global reserve currency.
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