Bitcoin uses peer-to-peer technology to work with no central authority or banks; managing transactions and therefore the issuing of bitcoins is administered collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everybody can participate . Through many of its unique properties, Bitcoin allows exciting uses that would not be covered by any previous payment system.
At a time when the planet is clamouring for peace and unity among the countries of the world- developed and developing. There is a serious limitation, which is that the different currencies of the countries. These fiat currencies are controlled by different policies and economic situations of their different countries. This posses a threat to global financial unity. As many countries are under banked. At the peak of those challenges, came a pseudo human called Satoshi, who created what looks like 21st century wonders(bitcoin) From 2009 till date, bitcoin suffered too many set back, starting from disbelief to doubt about its future. But 10 years down the tunnel may be a great improvement and acceptance of the primary cryptocurrency - bitcoin. The huge acceptance cause the creation of several altcoins. Now many countries are willing to involve within the cryptocurrency world despite some restrictions in some countries because consistent with an African adag...
Comments
Post a Comment