Bitcoin's history

Bitcoins and their history In 2009, a new cryptocurrency appeared in the systems of electronic financial payments - bitcoin (Bitcoin), which made a real revolution. The development of the Internet protocol and the description of the principle of the client program was carried out by the Australian encryption specialist Craig Stephen Wright under the pseudonym Satoshi Nakamoto. A peer-to-peer payment system allows you to carry out various transactions in peer-to-peer networks without the participation of intermediaries (banks) and, accordingly, do not pay a commission.

In simpler terms, a peer-to-peer payment system is something like a ledger in which bitcoin is used as a unit of account. The seller and the buyer agree on the transaction, payment takes place in bitcoins and the transfer of ownership. All registered users, both buyers and sellers from different parts of the world, have access to this system. Important features of this electronic payment system are completely anonymous Bitcoin transactions, as well as a 100% guarantee of the security and reliability of the transaction when transferring digital property from one owner to another.

Important features of this electronic payment system are completely anonymous Bitcoin transactions, as well as a 100% guarantee of the security and reliability of the transaction when transferring digital property from one owner to another. If we consider bitcoins from the point of view of storage security, then digital currency cannot be seized or blocked by anyone without physical access to the owner's electronic wallet. At the moment, Bitcoin is considered one of the free digital currencies, which is quite predictable, simple and transparent. Due to the programmed limited emission, Bitcoin is not subject to inflation.