Tag Archives: Bitcoin

What is Bitcoin ? Is it worth Knowing ?

bitcoin

In order to clear some of the confusion surrounding bitcoin, we need to draw a sharp line to separate it into two components. On the one hand, you have bitcoin-the-token, a piece of code that represents ownership of a digital concept – sort of like a virtual IOU (I Owe You). On the other hand, you have bitcoin-the-protocol, a distributed ...

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What is cryptocurrency or digital cash?

bitcoin

Few people know, but cryptocurrencies emerged as a side product of another invention. Satoshi Nakamoto, the unknown inventor of Bitcoin, the first and still most important cryptocurrency, never intended to invent a currency. In his announcement of Bitcoin in late 2008, Satoshi said he developed “A Peer-to-Peer Electronic Cash System.” His goal was to invent something; many people failed to create ...

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