Where did Bitcoin come from?

Florencia Brocklesby asked, updated on December 4th, 2020; Topic: bitcoin
👁 550 👍 32 ★★★★☆4.6

Bitcoin is a cryptocurrency created in 2009. Marketplaces called “bitcoin exchanges” allow people to buy or sell bitcoins using different currencies. Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks!

Follow this link for full answer

At the very least, where is Satoshi Nakamoto?

In a high-profile 6 March 2014 article in the magazine Newsweek, journalist Leah McGrath Goodman identified Dorian Prentice Satoshi Nakamoto, a Japanese American man living in California, whose birth name is Satoshi Nakamoto, as the Nakamoto in question.

Event, who is the founder of Bitcoin?

So anyway, where did Bitcoin get its value?

With these attributes, all that is required for a form of money to hold value is trust and adoption. In the case of Bitcoin, this can be measured by its growing base of users, merchants, and startups. As with all currency, bitcoin's value comes only and directly from people willing to accept them as payment.

Can Bitcoin die?

Because of this blockchain, Bitcoin cannot be stopped. ... According to him, as long as people have transactions, Bitcoin will continue to grow.

2 Related Questions Answered

Does China own Bitcoin?

It's a very real possibility, and it could happen very quickly because China controls more than half of the world's Bitcoin mining operations — upward of 65% of the computing power to mine Bitcoin. No other country is anywhere near that number.

Why is Bitcoin banned?

The Indian central bank had in 2018 banned crypto transactions after a string of frauds in the months following PM Narendra Modi's sudden decision to ban 80% of the nation's currency. Cryptocurrency exchanges responded with a lawsuit in the Supreme Court in September and won respite in March 2020.