What is Bitcoin?



What is Bitcoin?

 

Bitcoin is a digital currency (also called crypto-currency) that is not backed by any country’s central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment- TechTargetOpens in a new tab.

 

Bitcoin is a digital currencyOpens in a new tab. created in 2009. It follows the ideas set out in a white paperOpens in a new tab. by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Bitcoin offers the promise of lower transaction fees than traditional online payment mechanisms and is operated by a decentralized authority, unlike government-issued currencies- InvestopediaOpens in a new tab.

 

Bitcoin is a form of digital currency – a new form of money, essentially – that is tradable throughout the world. It is not an official currency, however, which means that it operates without the involvement of banks or clearinghouse- shopifyOpens in a new tab.

Steve Todd

Steve Todd, founder of Open Sourced Workplace and is a recognized thought leader in workplace strategy and the future of work. With a passion for work from anywhere, Steve has successfully implemented transformative strategies that enhance productivity and employee satisfaction. Through Open Sourced Workplace, he fosters collaboration among HR, facilities management, technology, and real estate professionals, providing valuable insights and resources. As a speaker and contributor to various publications, Steve remains dedicated to staying at the forefront of workplace innovation, helping organizations thrive in today's dynamic work environment.

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