What is Bitcoin?
The short answer is that O que é Bitcoin? is a digital currency. It is used as a medium of exchange, a store of value, and a unit of account. It is not backed by any government or central bank, and it only exists online. Bitcoin can be traded for its current market value on cryptocurrency exchanges, and it can be lent to others using decentralized finance applications, with interest charged accordingly. Its market price changes intra-day, making it a popular speculative investment.
Bitcoin Investment: Opportunities and Risks in Cryptocurrency Trading
In short, Bitcoin aims to be the first truly open financial system. Its creators wanted to hack corruption, eliminate the middleman, make transactions transparent and free of fees, create organic network value, and reduce the need for trusted third parties. They also set a fixed cap of 21 million digital coins (nearly 19 million have been created so far).
Many people use Bitcoin to make international payments. This is possible because of Bitcoin’s low transaction fees, its fast and nearly instantaneous transfer times, and the fact that it is not tied to any country or central bank.
People hold and manage their bitcoins on the blockchain via wallets. These wallets assign them a unique number called a private key, which is used to sign transactions on the Bitcoin network. These transactions are then verified within minutes through a process called mining. Bitcoin is a pseudonymous currency, so your transactions are not linked to your real-world identity, and the cryptographic signature on your transactions makes them almost impossible to reverse.
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