5 things you need to know about bitcoin
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I T C O I N
5 T H I N G S Y O U N E E D T O K N O W A B O U T:
F I R O Z PAT E L , E V P, PAY Z A F I ROZPATEL .NET
B I T C O I N
Bitcoin is a digital currency that uses encryption techniques to regulate the generation of units of currency and verify the transfer of funds.
The exchange operates through decentralized means which is significantly different from the confines of a traditional banking system.
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What is it?
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Satoshi Nakamoto is the alias for the person or group responsible for creating Bitcoin.
In 2008, Nakamoto published a white paper that outlined the Cryptography Mailing list and described the new digital currency.
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Who Started it?
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•Market Volatility
•Lack of Leadership
•Recent Restructuring Proposals
•Currency associated with the darknet
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Controversies
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• In August, 2015 bitcoin developers “fork” the technology and call the new software Bitcoin XT
• This change was a result from internal philosophical disagreements, but will
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The Future of Bitcoin?
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B I T C O I N
This ATM opens in Vancouver in October of 2013.
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World’s First Bitcoin ATM
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