If you’ve been on the internet or news stations for the past few weeks, you know for sure that the new exchange is taking over the world, but what is digital cryptocurrency exactly, who created it and what is it? more importantly, how? you become involved in electronic currency. what are the risks, luckily you are in the right place. Here you will find everything you need to know about money online. However, it stores every transaction in a global ledger known as a blockchain. People buy bitcoins based on trust. People buy bitcoins with cash; They use it to trade goods. and earn more bitcoins by solving complicated math problems.
Who Invented Bitcoin?
It is unclear who started bitcoin. The original bitcoin software was released under license from MIT in Cambridge, Massachusetts.
Why the need for Bitcoin?
In today’s world, the financial system is in full swing, currencies are falling, the crisis in Europe is causing shock waves around the world, massive bailouts of banks, the federal reserve is pushing money at alarming rates. However, the money is not yet in full circulation.
Disadvantages of Bitcoin
Hacks. Hackers stole bitcoins from digital wallets and hijacked computers to create their own bitcoins with botnets. The largest Bitcoin exchange platforms have been compromised and hacked for several million dollars. Hackers prey on unsuspecting miners and bitcoiners. The problem is not only with those with bitcoin, but a botnet or a virus can extract coins from your computer without your knowledge.
Also Integrity. without any governing body overseeing the unregulated bitcoin system. It’s a complete matter of trust that Bitcoin trades. How can you be sure that you can trust Bitcoin? It all depends on your personal preferences. If this is not a concern and you are risk tolerant, you are on your way. But if you’re a little worried, bitcoin may not be for you. Change user. They have apps on Android and Mac so you can have the luxury bitcoin in the palm of your hand. First, by making sure your computer is clean, perform an antivirus scan and stay up to date with the latest threats.
