Knowing about Bitcoin

raaman

Valued Contributor
Knowing about Bitcoin.
Bitcoin is not printed unlike traditional currencies such as dollars and euros. Instead, bitcoin is produced by people operating computers around the world. These people support the system by validating blockchain transactions. Another significant difference between digital currencies like bitcoin and physical money is banks. The objective of a central bank is to stabilize its currency. However, there is no bank for bitcoin. This is because Bitcoin is in a sense itself a bank. An independent settlement ledger provides information about the ownership status of all its users and the history of transactions between them. Moreover, there is a limited amount of Bitcoin, which also limits the role of the watchdog. Therefore, you can take a look at how it works.
 

ImamShaheb

Valued Contributor
BTC has been built perfectly. Fourteen years since its launch, the technology remains an experimental oddity. Meanwhile, trillions of dollars have evaporated in frauds, bankruptcies, and token losses. Now it's on safe hands like Bitget!
 

Suba

Moderator
Staff member
Bitcoin as a digital currency has been widely adopted throughout the world, and has become one of the most popular and promising investment instruments. Bitcoin software is open source so it can be run by anyone and anywhere, p2p transactions and does not require a third party. One of the reasons why Bitcoin is so valuable is that currently the Bitcoin price has reached over $63k per BTC and the quantity is limited or only 21 million BTC. Meanwhile, Bitcoin's intrinsic value is shaped by public perception.
 
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