In this article, we want to fully define bitcoin for you. From what bitcoin is to investing in bitcoin. We also want to answer all your questions about Bitcoin. So join us to find out what Bitcoin is and how it can affect your business.
Let's start with
What is Bitcoin?
Bitcoin is a type of cryptocurrency that operates decentrally across the blockchain network. This currency is obtained by digital coding with very complex mathematical calculations, and this has made it have monetary value. One of the features that makes bitcoin popular is that it has all the features of real money, such as the ability to buy, invest, transfer value, and so on. But with the difference that due to its decentralization it is not under the supervision of any particular government or organization and as a result all intermediaries in transactions with this currency code are eliminated, on the other hand due to the use of very complex mathematical processes in extracting this Currency are much safer than regular currencies and have a much higher security.
Who created Bitcoin?
Specifications of the first bitcoin and proof of its concept were published in 2009 by a person nicknamed "Satoshi Nakamoto" in an encrypted email list. Satoshi postponed the project until late 2010. Since then, the number of developers working on Bitcoin has grown exponentially. He is the originator of the Bitcoin Protocol, with the publication of a pamphlet on the cryptographic mailing list in November 2008.
He released the first version of the Bitcoin software in 2009 and worked on the project through a mailing list with others until it finally disappeared at the end of 2010. In other words, Satoshi has always had an unknown identity.
How many Bitcoins Satoshi has?
Nothing is known for sure, but reports of bitcoin transactions show that 1 million bitcoins belong to this person, which means $48B. If this is true, he will place Satoshi among the 10 richest people in the world.
Which country owns Bitcoin?
The answer to this question is no country. Because Bitcoin does not belong to any country or organization, and that is why it is becoming more and more popular among the people.
Are Bitcoins illegal?
The answer to this question varies depending on the country in which you live. Some countries legalize bitcoin and some countries outlaw it. But most countries consider bitcoin legal, and people can trade bitcoins in these countries.
In the following link, you can see the complete list of countries that consider Bitcoin legal.
How many Bitcoins are there?
There are a total of 21 million bitcoins, but not all bitcoins have been mined yet. Perhaps the question arises in your mind how much bitcoin is left? We have to tell you that there are less than 3 million bitcoins left and 18.5 million bitcoins have been mined.