The burning questions you had about Bitcoin

You may have heard of Bitcoin but do you know who created Bitcoin and how this currency works and other details? Click here for bitcoin price.

Who created bitcoin?

The creator of the Bitcoin is Satoshi Nakamoto. It is a pseudonym, so it is not known if it is a person or a group of people.

Satoshi Nakamoto is the name that appears as the creator of the bitcoin protocol, who mine the first bitcoin block and make the first transaction to Hal Finney.

This user made his last public contribution to the development of electronic currency in 2010.Until 2016 Gravin Andresen was the most visible figure of bitcoin.

Who controls the bitcoin network?

Although Bitcoin has developers who act as spearheads, no one controls virtual currency as no one can control email development in the sense that it does not have a single owner.Visit this site for bitcoin price.

bitcoins into US dollars

Programmers can improve the Bitcoin software, but cannot impose a protocol change. It must follow the same rules for everyone and these are created in consensus among all users with their decisions about which platforms they choose to operate, for example.

In fact, when discrepancies arise about bitcoin they are solved among the entire community. There has only been one occasion in which consensus was not reached and ended with the creation of Bitcoin Cash, a new fork in technical language.

The duty of users

The ‘control’ of the transactions is carried out through the users themselves, who are the ones who validate the blocks of the chain and the security of the transaction. Since this chain cannot be altered because it is present in thousands of computers around the world and that all changes must be approved by the real control of bitcoin users.

If you are considering investing, within the world of digital investment an easy, simple and safe way to start investing and learning.

Comments are closed.