Tag: timeline of bitcoin

Bitcoin is a decentralized computerized currency that was created in January 2009. It is based on the ideas expressed in a white paper by the mysterious person Satoshi Nakamoto. The interesting thing is identity of the person is still unknown. Bitcoin guarantees reduced exchange costs than conventional web-based installment instruments and unlike government sanctioned monetary standards, it is run by a decentralized power.Bitcoin is classified as a type of digital currency since it is protected by encryption. There are no actual bitcoins; only balances recorded on a public record...