It has been just under a year since the bitcoin price peaked.
To some, the fact that Satoshi, the “inventor of Bitcoin”, is an unidentified person or group of people, raises…
In my previous post, I described Bitcoin as a network of connected devices. I stated that there are three main stakeholders tied to the Bitcoin network: 1. developers, 2. miners and 3. users. This post will focus on the contributions of the first developer(s).
In my first post, “What is bitcoin? Part 1”, I approached the question in terms of bitcoin’s use as a digital currency to transfer value between peers. However, Bitcoin can also be defined as a network.
Bitcoin is the world’s first global digital currency. It allows you to conduct peer-to-peer value transfer online without the need for a centralized authority.
Let’s break this down.