Tag: Bitcoin

Bitcoin is a form of internet currency that was released in 2009 by a anonymous founder Satoshi Nakamoto, the cryptocurrency runs on a global network system known Blockchain. Bitcoin is a decentralised cryptocurrency meaning there is no single entity controlling it. The cryptocurrency is produced through a computer data mining process referred to as bitcoin mining using specialised computers and Application specific circuits (ASICs). Some of the major underlying qualities of Bitcoin include being an open source application, its Peer-to-peer Nature.