Bitcoin
The first application of BlockChain is Bitcoin. Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank and a single administrator that can be sent or receive from user to user on the peer to peer bitcoin network without any intermediaries. Satoshi Nakamoto.
It can be sold, purchased for other currencies at specialized currencies exchanges. They are completely virtual with no physical existence. It is secure fast and borderless. In transactions, our transaction is secure and fast. The coin is implied in transaction that transfer value. Each bitcoin is basically a computer file that is stored in a 'digital wallet' app on a smartphone or computer. Bitcoin is invented in 2009 by an unknown person or group of people using the name
Ten most bitcoin holder countries are:
- The united state,
- The Czech Republic,
- China,
- Spain,
- Romania,
- Poland,
- Japan,
- Turkey,
- South Korea,
- Switzerland.