What Is Bitcoin?

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What Is Bitcoin?

9 cards

The 2008 Global Financial Crisis highlighted the inefficiencies in the modern financial system.

It's prone to creating economic bubbles, resulting in high inflation, and needs a lender to keep it functional in crisis times.

Following the events of the crisis, Bitcoin was the wake-up call the world needed.

It came to introduce a global, self-governing, peer-to-peer cashless financial system.

It came to make a revolution.

In 2009, an anonymous individual or group of individuals, under the pseudonym Satoshi Nakamoto, created Bitcoin (BTC).

A digital currency that can be easily transferred between users through its blockchain network.

The purpose of BTC is to eliminate the need for a governing body and give individuals full control over their funds in the digital world.

Currently, Bitcoin is one of the cryptocurrencies with the highest market capitalization, which is the circulating supply multiplied by the current price of a single unit.

Why was the Bitcoin blockchain created?

“Bitcoin is a technological tour de force.”

Bill Gates

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