Learn What is Bitcoin? (abbreviated as BTC) Bitcoin is defined by wikipedia as a cryptocurrency where the creation and transfer of bitcoins is based on an open‐source cryptographic protocol that is independent of any central authority. Bitcoins can be transferred through a computer or smartphone without an intermediate financial institution. The concept was introduced in a 2008 paper by pseudonymous developer Satoshi Nakamoto, who called it a peer‐to‐peer, electronic cash system. Watch this video in tagalog version below. Benefits of Bitcoin Bitcoin allows anyone with an internet connection to send or receive payments from anywhere in the world, at almost no cost. Bitcoin's unique features include pseudo anonymity, decentralization and irreversibility. The transactions are processed by computers (or nodes) connected to the network. To process this kind of transaction all nodes maintain a shared ledger balance of every bitcoin address that...
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