It's built on blockchain technology, and the digital money is secured through cryptographic hashing over a distributed decentralized network. What Is Bitcoin?īitcoin is the first-ever cryptocurrency created in 2009 by Satoshi Nakamoto. Cryptocurrency gets its name from the cryptographic equations miners solve before validating a block of transactions. Let’s start by getting to know more about the first-ever cryptocurrency, Bitcoin. You’ll also benefit from a detailed guide on a specific wallet, Atomic Wallet, which offers you useful features like sending and receiving, staking, and exchange. That’s why we produced this helpful guide to teach you everything you need to know about getting a Bitcoin Wallet and storing your digital gold. That said, you’ll need a Bitcoin Wallet to store and transact your Bitcoin holdings. Many investors are diversifying their portfolios with the inclusion of Bitcoin to hedge the risk associated with fiat and money printing. Countries are turning to crypto as they adjust quantitative easing efforts to salvage the fiat currency model.īitcoin, unlike fiat, is a finite token system that can work as a currency or as a store of value. Bitcoin is becoming less volatile and more established, leading some countries, like El Salvador, to adopt it as a second official currency or even an inflation hedge. That’s evolving as cryptocurrencies evolve and gain popularity, especially Bitcoin. A Bitcoin Wallet: Safekeeping Your FutureĪs inflation hits, many look to gold as the infamous hedge.
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