raaman
Valued Contributor
The craze for bitcoin, which was two years ago, has diminished a little over the past year or two. But now the talk of bitcoin is back on the social media. The reason why cryptocurrency is trending again is because the value of bitcoin has been steadily rising.
There is still some confusion over how Bitcoin came to be. However, the cryptocurrency system was designed by Satoshi Nakamoto. He released a white paper outlining plans for a new electronic currency system during the global economic crisis of 2008. He designed it to be a peer-to-peer system of exchanging without interfering with any economic entity or buyer in the middle.
This is similar to the popular torrent download method. There will be no such thing as a server in the middle. Once a person downloads the required file, he or she becomes a computer seeder and helps others to download the file.
There is still some confusion over how Bitcoin came to be. However, the cryptocurrency system was designed by Satoshi Nakamoto. He released a white paper outlining plans for a new electronic currency system during the global economic crisis of 2008. He designed it to be a peer-to-peer system of exchanging without interfering with any economic entity or buyer in the middle.
This is similar to the popular torrent download method. There will be no such thing as a server in the middle. Once a person downloads the required file, he or she becomes a computer seeder and helps others to download the file.