What is Bitcoin?

Bitcoin is a cryptocurrency system that is used to make payments around the world. It has grown exceedingly popular since its development around 2008. Bitcoin uses a technology called the “blockchain” that functions as a public ledger, helping people spend and receive bitcoin without a centralized oversight system. In December, the value of Bitcoin soared past $17,000 as major trading exchanges began offering investors bitcoin futures. Roger Ver, the CEO Bitcoin.com, called the electronic cash system “one of the most important inventions in all of human history,” according to the company’s website. But doubters like JPMorganChase CEO Jamie Dimon consider bitcoin a “fraud.”

Asked on January 29, 2018 in Bitcoin.

Cryptocurrenci

on February 11, 2018.
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3 Answer(s)

a type of digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank.
“bitcoin has become a hot commodity among speculators”

Answered on January 29, 2018.
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Money

Answered on February 2, 2018.
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Cash

Answered on February 11, 2018.
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