Bitcoin is among the oldest cryptocurrencies. It was invented in 2008 by an unknown group of people under the name Satoshi Nakamoto. It was started over the internet in 2009. Its source code is open-source software.
Bitcoin is a decentralized currency that is digital without any central bank or any single administrator that can be sent from one person to another. All the transactions of cryptocurrency are verified by cryptography, and they are all recorded in the blockchain, which is a ledger that is publicly distributed.
Bitcoin has been praised as well as criticized as a cryptocurrency. Critics say that it can be used for illegal transactions. The money you have as cryptocurrency is highly private. Nobody can trace your money, your transactions or your payments. It provides a very high level of privacy but also provides some people with a platform for transactions for illegal causes. Some have characterized it to be a speculative bubble.
Bitcoin is being used as an investment too. Various investors are interested in investing in bitcoin than investing in other shares. As bitcoin is getting popular, people wonder how to get free bitcoins instantly?
Today, the value of each bitcoin is about 9,157.375 US dollars. The volume of this currency is very high too. There is about 12.19B trading of this stock on 19th July up to 2 pm, which is quite high.
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