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What is Bitcoin and how do BTC works?
This post is in line with our continuing tradition of bringing you the most relevant and helpful Bitcoin (BTC) news or NewsBTC. Please read till the end.
Bitcoin is the world’s first cryptocurrency. Unlike physical currencies, bitcoins are created, distributed, traded, and stored using a decentralized ledger system known as the Blockchain.
It was launched in 2009 by the pseudonymous creator Satoshi Nakamoto. Going by the amount of data stored on its Blockchain and its market capitalization, it is, without a doubt, the world’s largest cryptocurrency.
Its wide popularity is the reason why BTC prices have skyrocketed in the last several years.