Bitcoin, Cryptocurrencies and Blockchain
Bitcoin, Cryptocurrencies and Blockchain Q. What is Bitcoin ? A. Bitcoin is a form of digital cash / currency / asset coded in computer language. In other words, it is a computer code. There is no central authority / bank which controls it like in fiat currencies which are controlled by the central bank of any country. Financial system of Bitcoin is run by thousands of computers distributed around the world forming an eco-system where anyone can participate in decentralized manner. Bitcoin is the king of cryptocurrencies and first one of all cryptocurrencies in market. It was announced in 2008 and launched in 2009. Users can send and receive digital money (in form of bitcoin or cryptocurrencies) to anyone, anywhere / from anyone, anywhere without the involvement of any bank or financial institution and that is with in minutes. Bitcoin is decentralized, censorship-resistant, secure , and borderless. It was launched in 2009 by an individual or group known by the pseudon