Bitcoin SOPR is an innovative payment system and a new kind of money. Bitcoin SOPR is different than other traditional payment systems because it uses peer-to-peer technology to operate without any central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.
Bitcoin SOPR is open-source; its design is public, nobody owns or controls Bitcoin SOPR and everyone can take part. Through many of its unique properties, Bitcoin SOPR allows exciting uses that could not be covered by any previous payment system.
What Is Bitcoin SOPR?
Bitcoin SOPR is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto, and started as a research project in 2009. There are currently over 17 million bitcoins in circulation with a total market value of over $140 billion as of mid-2018.
Bitcoin is often called the first cryptocurrency, although prior systems existed. Bitcoin is more correctly described as the first decentralized digital currency. It is the largest of its kind in terms of total market value.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Research produced by Cambridge University estimates that in 2017, there were 2.
9 to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.