Assets, Bitcoin

What Is Bitcoin CoinDesk?

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain.

Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.

NOTE: WARNING: Bitcoin CoinDesk is a digital currency that can be used to purchase goods and services online. It is not backed by any government, and its value can fluctuate greatly over time. Investing in Bitcoin CoinDesk carries a high degree of risk, as the currency is highly volatile and there is no guarantee of its future value. Investing in Bitcoin CoinDesk should only be done with money that you are willing to lose.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.

Bitcoin can be purchased through exchanges or directly from other people via marketplaces. Bitcoin can also be held as an investment.

The first bitcoin transaction took place on January 12, 2009, between Nakamoto and an early adopter of the currency. This transaction also included the first ever recorded use of the bitcoin protocol.

The CoinDesk Bitcoin Price Index (BPI) represents an average of bitcoin prices across leading global exchanges that meet criteria specified by the BPI. It is intended to provide a definitive reference point for bitcoin pricing and market activity.

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