What Is Bitcoin?
What Is Bitcoin? Bitcoin is the first digital form cryptocurrency without physical shape that was announced in 2008 (and launched in 2009). No central bank or any other organization controls it, but only balance kept on a public ledger by thousands of computers distributed around the world. Anyone in the world can access the ledger and participate in the ecosystem by downloading open-source software. People can send and receive Bitcoin to anybody at any time, from anywhere. Also, the features of can't be censored and counterfeit makes it popular around the world. Thus, the popularity of Bitcoin triggers the launch of thousands of other cryptocurrencies, so-called altcoins. A large sum of people using the currency as an investment. However, some people criticized its use in illegal transactions(such as money laundering), the large amount of electricity used by mining, price manipulation, thefts by hackers, and extortion. Some economists and commentators have characterized it as a sp...