Bitcoin Future Currency of the World

By: Contributor(s): Series: . 7 ; 11Publication details: 2018-08-08Description: 7Subject(s): In: BANKING FINANCESummary: "Bitcoin is the first successful internet money based on peer-to-peer technology whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Santoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoins are electronic currency otherwise known as cryptocurrency. Bitcoins are a form of digital public money that is created by painstaking mathematical computations and policed by millions of computer users called miners. Bitcoins are in essence electricity converted into long strings of code that have money value."
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Article St. Francis Institute of Management and Research Available AR0787

"Bitcoin is the first successful internet money based on peer-to-peer technology whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Santoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process. Bitcoins are electronic currency otherwise known as cryptocurrency. Bitcoins are a form of digital public money that is created by painstaking mathematical computations and policed by millions of computer users called miners. Bitcoins are in essence electricity converted into long strings of code that have money value."

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