Recently, the cryptocurrency Bitcoin has interested many inhabitants of the planet. The jump in the rate of the virtual coin for a few months by 6 times confirms the growth of attention to this cryptocurrency. A sharp drop in Bitcoin every time makes depositors shudder, but after the New Year holidays, the rate usually stabilizes.
Many people do not believe in the existence and usefulness of money that cannot be felt. And more and more often this kind of currency is not considered something serious and is perceived as a soap bubble or another scam, like a pyramid scheme. But with the growth of technology and the development of cyberspace, it is time to take for granted that cryptocurrency is just a cardinally new concept, the consequences of which will still have to be faced, but it is impossible to predict exactly.
1. The creator of Bitcoin remains a mystery shrouded in darkness. The most popular version is that the creator of this currency is Satoshi Nakamoto. A pseudonym that could hide behind either one person or a group of like-minded people. But anyway, the exact year when Bitcoin cryptocurrency appeared is 2008, when the first cryptographic protocol was published. But the launch of the Bitcoin client into the network occurred in 2009. The project changed its owner a year later. The system and all the powers to set it up went to Gavin Andresen.
Often, you can hear rumors that Nakamoto himself got a million bitcoins, translated into the rate of his capital can be estimated at nearly 850 million dollars.
2. The main difference between cryptocurrency from cash, which we are so used to, is that the currency is not controlled by any state. There is no regulator, which makes this currency autonomous and nobody has a right to forbid it. In other words, Bitcoin is a set of codes that are transferred between computers, and the information about any transactions is encrypted. But everyone in the system has access to it.
Bitcoins are often referred to as "decentralized cryptocurrencies."
3. Cryptocurrency issuance also lacks a single center that is responsible for it. This is what has formed the next feature of Bitcoin: the issuance or "mining" of coins depends on the users of the system. They do it themselves with the help of special video cards on their computers or with special equipment. "Mining" - essentially making money out of thin air - "mining" virtual money, which takes a lot of time and electricity. Complex calculations require powerful hardware. It should be noted that if a client with a super-powered computer joins the new entrants, it will not remain a secret to them. And as each new miner arrives, the complexity of the process increases. Many have already created entire bitcoin mining "farms. Read more about cryptocurrency at https://blockchainreporter.net/
