10 real facts about Bitcoin
Cryptocurrency is a digital asset that uses cryptography to secure transactions and to control the creation of new units. It is decentralized, meaning it is not controlled by a central authority like a bank or government .The first cryptocurrency, Bitcoin, was created in 2009 and has since been joined by thousands of others . Cryptocurrencies are stored in digital wallets and can be used to buy goods and services, or traded for other currencies. Transactions are recorded on a public ledger called a blockchain, which is maintained across computers that are linked across a distributed network. Cryptocurrencies are known for their volatility, with prices fluctuating rapidly based on market demand 1. While cryptocurrencies have been praised for their potential to revolutionize the financial industry, they have also been criticized for their association with illegal activities and lack of regulation.
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