What Is Bitcoin(BTC)?
Bitcoin is the world's first virtual asset created by Satoshi Nakamoto in January 2009. It has a structure that does not have a central manager to issue or manage any of its currency.
The transactions within the system are made in a P2P-based distributed database rather than a general ledger. The transaction will be carried out in public-key cryptography and all its records are transparently disclosed to the public with mining participants conducting the transaction verification process. Proof of Work (Proof of Work) is easy to verify the authenticity of the transaction. One must take up 51% of the total hash of the network in order to do any forgery or record double payment which makes it difficult to exploit the system.
