All About Bitcoin and How It Operates
There has been a lot of hullabaloo about bitcoin in recent times. But what exactly is it and what does it do? This article will shed light on what you need to know about the cryptocurrency and ways to buy bitcoins.
Invention
Bitcoin was created in 2009 by a group of people going by the name Satoshi Nakamoto. It is a peer-to-peer payment system that allows cross-border transactions. It is not controlled by any government.
How is a Bitcoin Stored?
A bitcoin is not something tangible. It is stored in a digital wallet that is often in someone’s computer or in the cloud. The wallet acts as a virtual bank account allowing users to receive or send bitcoins, save their money and pay for goods.
How to Buy Bitcoin
One should note that before they buy their bitcoin, they must first download bitcoin wallet from sites such as blockchain.info …
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