Discovery Crypto //
Learn about the blockchain that started it all.
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What is Bitcoin?
By Jack J. Sheppard // September 3, 2020
Bitcoin is a peer-to-peer blockchain and its native coin, a digital currency, better know as a cryptocurrency. Bitcoin is the first successful cryptocurrency and was arguably designed and developed by a pseudo group or individual and released on October 2008 to serve as a decentralized exchange.
Bitcoin computes (in cryptocurrency is known as mined) a system of verified cryptographic transactions using the secure hash algorithm- SHA-256. It can be transferred electronically using the bitcoin network that utilizes blockchain technology which makes the transactions highly secure, transparent and global. Bitcoin’s introduction allowed for complete ownership and control of your own money.