Bitcoin Write for Us
Bitcoin Write for Us – Bitcoin was the primary cryptocurrency and is the most popular of the more than 19,000 current cryptocurrencies. The financial media eagerly covers each new dramatic and stomach-churning drop, making Bitcoin an inevitable part of nature.
While wild volatility can make big headlines, that doesn’t make Bitcoin the best choice for new investors or people looking for a stable store of value. Understanding the ins and outs can be tricky – let’s take a closer look at how Bitcoin works.
What is Bitcoin?
Bitcoin is a decentralized numeral currency that you can buy, sell and exchange directly without an intermediary such as a bank. Bitcoin creator Satoshi Nakamoto first described the need for an “electronic payment system based on cryptographic proofs rather than trust”.
Every Bitcoin transaction ever made is on a public ledger accessible to everyone, making transactions difficult to alter and difficult to falsify. This is by design: fundamental to their decentralized nature, bitcoins are not backed by a government or any issuing entity, and there is nothing to guarantee their value except proof embedded in the heart of the system.
“The reason it’s worth money is because we as people have decided it’s worth as much as gold,” said Anton Moskovoi, co-founder and CEO of digital financial services company HolyHeld.
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