Bitcoin is the first digital currency to use blockchain technology. It was created in 2008 by a person or a team using the nickname Satoshi Nakamoto. Satoshi means quick-thinking, intelligent. Naka means medium. Moto means start and setup. In 2007, they started to write the codes of the system. It is not affiliated with any institution. It has a decentralized structure. Bitcoin does not need a bank or similar institution. It takes a low processing fee.
Anyone can use this system. Users who use the system can transfer directly to each other without an intermediary. This transfer is recorded with a decentralized scattered recording system. The money transferred through the Bitcoin network is called Bitcoin (BTC). It is described as cryptopara due to the cryptographic structure of the blockchain. Produced completely digitally.
Bitcoin is valid all over the world. It can convert any currency. With Bitcoin, you can also purchase any product or service.
Bitcoin is obtained as follows; It can be purchased in the desired amount from the stock exchanges on the internet or Bitcoin can be excavated and removed with a special computer. Miners and their equipment are constantly evolving. Bitcoin network is one of the most powerful and difficult to attack networks in the internet world.
Bitcoin refers to only one blockchain.