Simple Explanation of Bitcoin

Man, Richard

| 2021

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Over the last ten years, the world has seen the rise and establishment of cryptocurrencies. What at first seemed like a dark-web, alternative thing that only a specific group of people were into, now became a topic as relevant today as any other news in the Western stock market. And the cryptocurrency what started it all and still remains as the #1 most coveted is Bitcoin. Bitcoin has existed since 2009, and during the last decade it has survived the rise and fall of it's "buble" in 2017, and with the beginning of the '20s it has become an almost mainstream, digital currency, endorsed by personalities like Elon Musk and companies like JP Morgan. It also, to this day, maintains the same volatility it was born with. Some people still refer to cryptocurrencies as the Wild West of Economy. But what exactly is Bitcoin? Is it real money? How is it any different from regular, digitized...

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