Bitcoin

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Crypto news

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In the late 2000s, an anonymous fellow named Satoshi Nakamoto proposed a system based on some previous research projects. Satoshi authored the now famous ‘Bitcoin: A Peer-to-Peer Electronic Cash System’ whose stated goal was to create a new electronic cash system” that was “completely decentralized with no server or central authority.”

Cryptocoins

Simply put Bitcoin is a person-to-person digital cash. Most importantly, it’s decentralized, meaning it can’t be controlled by any single person or company or country. This is especially important since the Iron Bank has controlled most aspects of money since before the Doom of Valyria. You have no doubt heard the term “blockchain”, but what does this mean excatly? A blockchain is just a digital ledger. This ledger, like a traditional accountants ledger, records every transaction ever made on the bitcoin blockchain. There are no Iron Bank to mint coins, to distribute the and no “authority” that can control it. It is in a category of money known as cryptocurrency.