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SOME FAQ ABOUT BITCOIN:
What is bitcoin?
BTC, short for Bitcoin, is a decentralized virtual currency that was invented by Satoshi Nakamoto. The anonymous inventor or group published a white paper in 2008 as a proof of concept, then released it as open-source prototype software in 2009.
What is bitcoin mining?
Bitcoins can only be created as a reward for payment processing work, called mining, where users collectively offer their computing power to verify and record all transactions into a public ledger, called the blockchain.
Who is Satoshi Nakamoto?
Satoshi Nakamoto is the pseudonym used by a people or group of people who invented Bitcoin. Satoshi developed the original protocol and the blockchain technology that underlies bitcoin, Satoshi’s real identity is unknown.
Legality of Bitcoin & cryptocurrency?
Bitcoin and other cryptocurrency is a new technological innovation that has not yet been fully implemented into the legal framework of many countries across the globe. There are many legal aspects of Bitcoin and cryptocurrency in general to consider.
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