jayboi on Nostr: Bitcoin and Crypto Education (A guide for the starter) Digital currencies, also known ...
Bitcoin and Crypto Education (A guide for the starter)
Digital currencies, also known as digital money or electronic currencies, are currencies that exist exclusively in electronic form. Unlike physical money such as coins or banknotes, digital currencies are intangible, decentralized, and can be transferred digitally through devices like computers, smartphones, or tablets.
Bitcoin as a digital currency
Bitcoin is the first and most well-known example of digital money, often referred to as a cryptocurrency. It was introduced in 2008 by an anonymous person or group known as Satoshi Nakamoto. Bitcoin represents a major innovation in the financial world, fundamentally changing how we think about money and transactions. Bitcoin is classified as a cryptocurrency because it uses cryptography to secure transactions, control the creation of new units, and verify the transfer of assets.
To be continued in the coming posts…🙌🏽
#bitcoin #btc #nostr #newbie
Digital currencies, also known as digital money or electronic currencies, are currencies that exist exclusively in electronic form. Unlike physical money such as coins or banknotes, digital currencies are intangible, decentralized, and can be transferred digitally through devices like computers, smartphones, or tablets.
Bitcoin as a digital currency
Bitcoin is the first and most well-known example of digital money, often referred to as a cryptocurrency. It was introduced in 2008 by an anonymous person or group known as Satoshi Nakamoto. Bitcoin represents a major innovation in the financial world, fundamentally changing how we think about money and transactions. Bitcoin is classified as a cryptocurrency because it uses cryptography to secure transactions, control the creation of new units, and verify the transfer of assets.
To be continued in the coming posts…🙌🏽
#bitcoin #btc #nostr #newbie