Bitcoin

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency. Bitcoin is the de-facto money of the internet and it is the de-facto internet of money. Before Bitcoin, it was not possible to send value through the internet without any intermediaries in the background. Digital copies cannot differentiated from originals. Therefore, digital money was always connected to intermediaries. Not only changed Bitcoin value transfer through the internet, it does change the characteristics of money in general. So far, we are using different methods for different use cases. Bitcoin changes that as it unifies all known system in one system…

 

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