A student's review of Bitcoin from 2017
A review of Bitcoin. December 15, 2017 What is Bitcoin? Bitcoin is simply a digital payment system made as an international currency. Bitcoin was assumed to be invented by Satoshi Nakamoto in 2009. People don't know where bitcoin was invented and who invented it. However, the reasons for the invention of bitcoin are transparent and easily explainable. Bitcoin is a form of Cryptocurrency and Cryptography. The Hashing Algorithm is the essential Algorithm for mining the Bitcoin Process; Bitcoin is digital money. No one can know its value except you, the federal government, and the banks. Mining is a record that Bitcoin users keep using the hashing algorithm. When bitcoin was released, it cost nothing. Since more people got interested in cryptography, the price of bitcoin started increasing rapidly. On December 15, 2017 , a bitcoin cost 18,000 dollars. How to get a bitcoin and start mining? The process might seem complicated, but it...