DemonKiller on Nostr: #Bitcoin is a decentralized digital asset, without a central bank or single ...
#Bitcoin is a decentralized digital asset, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
#Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.
The asset began use in 2009 when its implementation was released as open-source software.
Key features of #Bitcoin include:
Decentralization: #Bitcoin operates on a decentralized network, meaning no single entity controls it.
Limited Supply: There will only ever be 21 million #bitcoins in existence, making it a deflationary asset.
Security: #Bitcoin transactions are secured by #cryptographic algorithms, making it highly secure.
Transparency: All transactions are recorded on the blockchain, which is publicly accessible and transparent.
Planewide Accessibility: #Bitcoin can be sent and received anywhere in the world, making it a truly planewide currency.
#Bitcoin has gained significant popularity and is often referred to as "digital gold" due to its store of value properties. It is used for various purposes, including investment, remittances, and as a means of payment.
#BitcoinRevolution
#BlockchainTechnology
#DigitalAsset
#BTCInvesting
#DecentralizedFinance
Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.
#Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto.
The asset began use in 2009 when its implementation was released as open-source software.
Key features of #Bitcoin include:
Decentralization: #Bitcoin operates on a decentralized network, meaning no single entity controls it.
Limited Supply: There will only ever be 21 million #bitcoins in existence, making it a deflationary asset.
Security: #Bitcoin transactions are secured by #cryptographic algorithms, making it highly secure.
Transparency: All transactions are recorded on the blockchain, which is publicly accessible and transparent.
Planewide Accessibility: #Bitcoin can be sent and received anywhere in the world, making it a truly planewide currency.
#Bitcoin has gained significant popularity and is often referred to as "digital gold" due to its store of value properties. It is used for various purposes, including investment, remittances, and as a means of payment.
#BitcoinRevolution
#BlockchainTechnology
#DigitalAsset
#BTCInvesting
#DecentralizedFinance