Learning Centre - Emerging Technology

Bitcoin

Posted by Eyituoyo Ogbemi on

Bitcoin

What Is Bitcoin? Making payments to people in different parts of the world can be a hassle. From converting currency to extra fees incurred on each transaction made, it can become difficult to carry out transactions easily, especially across countries. This is where cryptocurrencies come in. Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin...

Read more →