Bitcoin is a virtual currency that got introduced in 2009 which is beyond the control of any government or institution its value is variable and is based on the law of supply and demand Exchange occurs between users via P2P. On everyone’s lips, Bitcoin, the Internet currency, monopolizes praise, criticism and misgivings in equal parts. Click here for bitcoin casino.
What is the origin of Bitcoin?
Bitcoin originated in 2009 when Satoshi Nakamoto, a pseudonym of one or several people, decided to launch a new electronic currency whose peculiarity is that it only served to perform operations within the network of networks. Visit this site for bitcoin casino.
What are the peculiarities that make Bitcoin different?
Undoubtedly, what makes Bitcoin different from traditional currencies and other virtual means of payment like Amazon Coins is decentralization. Bitcoin is beyond the control of any government, institution or financial entity, whether state or private, such as the euro, controlled by the European Central Bank or the Dollar by the Federal Reserve of the USA.
In Bitcoin the control is carried out, indirectly through their transactions, by the users themselves through P2 P exchanges (Peer to Peer or Point to Point). This P2P structure and the lack of control make it impossible for any authority to manipulate its value or cause inflation by producing more quantity.
How much is a Bitcoin worth?
As we have indicated, the Bitcoin value is based on supply and demand, and is calculated using an algorithm that measures the amount of transactions and transactions with Bitcoin in real time.
Bitcoin has risen so much, that it has come to the case of an American who invested $ 27 in 2009, forgot about them, and when it was agreed 4 years later, he had this absurd, so bulky, amount of money.