A cryptocurrency bitcoin is a digital and global coin. Bitcoin is the first of its kind invented by someone using the name Satoshi Nakamoto. Digital coin transactions use the database called the blockchain technology, which maintains the record of transactions. The virtual currencies are mined by miners and exchanged through various trading websites.
Articles regarding the bitcoin cryptocurrency will feature under this tag.
Cryptocurrency bitcoin characteristics
- Bitcoin mining uses a proof-of-work system.
- It keeps track of addresses of the transactions and not the users.
- It is an open-source system with no central authority.
- Bitcoin has the highest market cap.
- It uses cryptography, which provides high security.
