What you must know about bitcoin
There is a massive outbreak in the number of users in the technology and digitalization realm as people all over the globe rely on this extensively. This transition is what has resulted in the invention of cryptocurrency and bitcoin. The invention and existence of these two happened merely by serendipity in 2009, by Satoshi Nakamoto who developed the bitcoin with the motive of introducing a new electronic cash system that uses peer to peer network to prevent double spending. It is also a decentralized digital cash system which does not require a server as such ,but requires absolute consensus amongst its peers, failing which the block chain of events is broken. This is what invoked the concept of having a cryptocurrency. A cryptocurrency is a medium of exchange created and stored electronically in a blockchain using cryptography methods which enables high security and privacy .It is intangible and can’t be redeemed for other valuable assets in return. The cryptocurrency fu...