![Chart of Bitcoin](https://img.imageboss.me/cosmicprogram-production-website/width/500/grayscale:true/archive/65e810136d9ec202b642b5b5/photo/2024-03-06/1709707283976-bitcoin-btc-logo.png?bossToken=bd3d8710cae747c536978ec388de22a4a60f04bd66264dbb6fcea2fc47e9d9e4)
Attribution: wikipedia commons
Chart of Bitcoin
Biography
Viewed 135x Times
Bitcoin (abbreviation: BTC[a]; sign: ₿) is the first decentralized cryptocurrency. Nodes in the peer-to-peer bitcoin network verify transactions through cryptography and record them in a public distributed ledger, called a blockchain, without central oversight. Consensus between nodes is achieved using a computationally intensive process based on proof of work, called mining, that requires increasing quantities of electricity and guarantees the security of the bitcoin blockchain.[5]
Based on a free market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown person.[6] Use of bitcoin as a currency began in 2009,[7] with the release of its open-source implementation.[8]: ch. 1 In 2021, El Salvador adopted it as legal tender.[4] Bitcoin is currently used more as a store of value and less as a medium of exchange or unit of account. It is mostly seen as an investment and has been described by many scholars as an economic bubble.[9] As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021.[10]
Summary
Rodden Rating
Analysis for Chart of Bitcoin
Comments
Natal Data
2009-01-03 18:15:00 LMT
51° 30′ 26.0″ N 0° 7′ 39.3″ W
London, UK
1x Records. Last Queried Sep 8, 2024 12:14 AM GMT