Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by the University of Cambridge estimates that in 2017, there were 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.
BITCOIN PRICE LIVE NOW
What is Cryptocurrency ?
A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are a type of digital currencies, alternative currencies and virtual currencies. Cryptocurrencies use decentralized controlas opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger. Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous other cryptocurrencies have been created. These are frequently called altcoins, as a blend of alternative coin.
BITCOIN & THE HISTORY OF MONEY
WHAT IS BITCOIN ?
If you think this Bitcoin is NOT IMPORTANT,, try looking at the picture below. Why in Malaysia Form 4 high school start learning about Bitcoin? The answer is in the future our children or grandchildren who will use this currency. BITCOIN IS TECHNOLOGY, NOT A PROGRAM OR SCHEME. Its real digital money.
Form 4 Economy Book of the Ministry of Education Malaysia. The young generation has been taught about Bitcoin at the secondary school level.
BITCOIN SYARIA LAW
ASIAN NEWS ABOUT BITCOIN
See the difference between Bitcoin and Ringgit Malaysia and forecast future bitcoin value improvements.