Cryptocurrencies, the most popular of which is Bitcoin, hit the financial market a few years ago, and many companies and individuals made a small fortune thanks to them. What are Bitcoins and Cryptocurrencies and how can you make money with them?
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Wondering what Bitcoin is? It's a cryptocurrency that has allowed online users to send digital money since 2008. The creator of Bitcoin is Satoshi Nakamoto (pseudonym), and its premise was to transfer digital money from person to person (peer to peer) without intermediaries such as a bank, government or other external institutions.
Each Bitcoin transaction is recorded in the so-called blockchain - each block contains information about the date, time and amount of the transaction. This register is not maintained by any external institution or server - it is managed by a network of decentralized computers. Their large computing power is used to create new blocks (known as Bitcoin mining), and the owners of the computers that created them receive new Bitcoins on their account.
Bitcoin is digital money that cannot be manipulated in any way and whose value cannot be overstated. The investing user can buy only a fraction of Bitcoin and then continue to earn thanks to it on the cryptocurrency exchange. Many other cryptocurrencies have been created since bitcoin (BTC), but bitcoin has the greatest financial and market potential. Why is bitcoin worth using? First of all, it can perform the function of:
The lack of intermediaries - governments, financial institutions, banks - means that as an investor you have much more control over your funds, the transfer of which is much faster. Bitcoin is fully legal and you can use it to pay for services, travel or charitable donations.
What are the advantages of Bitcoin? First of all:
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