What is Bitcoin and other CryptoCurrencies? Explained in Simple Words
Hi, When you are new to the world of CryptoCurrency or Bitcoin, more so likely you never heard the Cryptocurrency, but Bitcoin. Bitcoin is a cryptocurrency, which was released via a software by Satoshi Nakamoto(a pseudonym) in January 2009. This guy never came out in public and somewhere in 2010 transferred all his work to various community developers and ceased his involvement in the project. Bitcoin.talk is the forum which is also said to be created by him. Now Bitcoin is almost 9 years old, and its value has risen from almost 0 to $15000. There is this Pizza story, which you would like to hear. Bitcoin Pizza Story Back in 2010, a florida based bitcoin miner named Laszlo Hanyecz paid 10,000 bitcoins in exchange for 2 pizzas. Today that guy would have been worth more than 100 millions dollars. This is how crazy the price of Bitcoin has blown up. How to use Bitcoin and how does it work Now to use Bitcoin, one does not have to understand the whole math and science behind i