Bitcoin

Bitcoin is the pioneer of blockchains and cryptocurrencies, introduced in a white paper released in 2008 by an apparently pseudonymous person or group of people known as Satoshi Nakamoto. The document described a peer-to-peer method of transferring money without the use of financial institutions. The cryptocurrency known as bitcoin or BTC debuted in 2009. Transactions are recorded on a public ledger (a blockchain) by entities known as miners who engage in process called proof-of-work. Miners are rewarded for doing that by getting newly minted bitcoin. Some proponents view BTC as an alternative to fiat currencies and a hedge against inflation. Bitcoin has inspired the creation of numerous other cryptocurrencies and blockchain projects.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person

Videos

Pro-Bitcoin California Congressional Candidate: BTC is a ‘Way For Economic Justice,’ Lightning Network ‘is the Future’

Aarika Rhodes, U.S. congressional candidate for California’s 32nd District seeking to unseat Congressman Brad Sherman (D-Calif.), explains bitcoin as “a way for economic justice.” “Do I love the Lightning Network? Absolutely, I think it is the future,” Rhodes said.

Feb 9, 2022

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5 Tips for Traveling in El Salvador Spending Only Bitcoin

Even though President Bukele has made the cryptocurrency legal tender, it isn't super easy for visitors to get by on bitcoin alone. But with a few tricks, it's possible and fun.

By Laura Nori , Riccardo Giorgio FregaFeb 9, 2022