What is Bitcoin – All you need to know

With the Bitcoin price so volatile everyone is curious. Bitcoin, the category creator of blockchain technology, is the World Wide Ledger yet extremely complicated and no one definition fully encapsulates it. By analogy it is like being able to send a gold coin via email. It is a consensus network that enables a new payment system and a completely digital money.

It is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen. Bitcoin was the first practical implementation and is currently the most prominent triple entry bookkeeping system in existence.

Beware of the confusingly similar Bcash, BCH, Bitcoin Cash project.

Published by

Farooq Ahmed

Farooq is an entrepreneur, inventor and author. He has been creating and helping businesses for years.He founded Arcift Technologies after having failed to find an excellent firm himself and meeting a whole bunch of people/networks who pretended they had interest in business, they pretended that they knew what they were doing and gave out bad advice on valuation & planning."I was dishearten ... as a natural born entrepreneur and business planner that did not sit well"​I am working hard to bring latest technology research, startups and Industry awareness in Pakistan. I have great interest in Artificial Intelligence, Clean Energy and Space Research.

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