Andreas Antonopoulos-about bitcoin #bitcoin #fyi #crypto #blockchain #futureofcrypto

Bitcoin is a decentralized digital currency that was created in 2009 by an anonymous person or group using the name Satoshi Nakamoto. It operates on a peer-to-peer network, meaning that transactions can be conducted directly between users without the need for intermediaries such as banks or payment processors.

One of the key features of Bitcoin is that it uses a public ledger called the blockchain to record all transactions. This ledger is maintained by a network of nodes around the world, which work together to validate new transactions and add them to the existing blockchain.

Bitcoin is known for its limited supply, with only 21 million bitcoins expected to ever exist. This scarcity, combined with the decentralized nature of the currency, has led to its popularity as a store of value and a hedge against inflation.

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Bitcoin has also attracted controversy due to its association with illicit activities such as money laundering and drug trafficking, as well as its volatile price fluctuations. Despite this, Bitcoin and other cryptocurrencies continue to gain mainstream acceptance and adoption, with many businesses now accepting Bitcoin as a form of payment.