What is Bitcoin Currency
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Bitcoin is a digital currency created by Satoshi Nakamoto in 2008 as a decentralized alternative to traditional currencies. It functions like cash but exists only in electronic form, using cryptography and a public ledger called a blockchain to record transactions. Users can access the peer-to-peer payment network from anywhere with an internet connection to send and receive bitcoin without needing a central authority.
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What is Bitcoin Currency
- 1. What Is Bitcoin Currency? LEARN MORE AT WWW.NETWORKMARKETINGPRO.ORG
- 2. Satoshi Nakamoto Bitcoin is the Brainchild of Satoshi Nakamoto, created in the wake of the 2008 financial crisis. • Satoshi Nakamoto is a pseudonym for a person or group of people. • A way to decentralize the monetary system. LEARN MORE AT WWW.NETWORKMARKETINGPRO.ORG
- 3. Digital Currency • Bitcoin is not physical cash! • It is virtual money. • Created & Stored electronically. • Works like traditional cash. LEARN MORE AT WWW.NETWORKMARKETINGPRO.ORG
- 4. Crypto Currency • Bitcoin uses a Ledger system. • Incorporates principles of cryptography. • Safety is upheld by “miners” who verify blocks. • Blocks are ledgers of past transactions. LEARN MORE AT WWW.NETWORKMARKETINGPRO.ORG
- 5. Payment Network • Bitcoin is a peer to peer technology. • Uses a “proof-of-work” system & elliptical curves. • Anyone who has access to the internet can use the currency. LEARN MORE AT WWW.NETWORKMARKETINGPRO.ORG
- 6. Thank You for Tuning In! LEARN MORE AT WWW.NETWORKMARKETINGPRO.ORG