A digital or electronic wallet is a type of electronic card used for trading on a computer or smartphone. Its utility is the same as a credit or debit card and needs to be linked to a person’s bank account in order to make payments. An electronic wallet is a type of prepaid account in
As mentioned above, Bitcoin can be bought on the foreign exchange market or transferred via electronic remittance from mobile phones or computers. But there is a third option, as there are people all over the world competing for Bitcoin mining using computers to solve complex mathematical equations – the Bitcoin algorithm. Industrial Bitcoin mines use
Bitcoin: Satoshi Nakamoto’s intellectual property, who published a white paper describing the context of Bitcoin technology on October 31, 2008. In January 2009, Bitcoin version 0.1 was released and soon the first cryptocurrency transactions took place. In October 2009 the Bitcoin exchange rate was set, which was US $ 1 = 1,309.03 BTC.
According to Yagli (2016) the main characteristics of Bitcoin are the following: Bitcoin is private and decentralized, that is, it does not belong to anyone and is not issued by a body such as a bank or organization, even a state. It is a completely digital event which indicates that the currencies are issued
Bitcoin is a form of cryptocurrency, that is, a decentralized payment instrument, which is based on cryptography for trading and creating new units of its own. The decentralized term given to him is based on the fact that the cryptocurrency is not issued by central banks of states, but is a form of private
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