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What is Bitcoin? How does Work

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Anubha Singh

4 months ago | 1 min read
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Bitcoin was created in the year 2009, during the wake of the global recession due to the housing market crash. The innovation was revolutionary in itself as it offered the promise of lower transaction fees than its traditional counterpart and has a decentralized authority, unlike government-issued fiat currencies. The Bitcoin transactions are recorded on a public ledger which ensures transparency as it can be accessed by anyone. The stock history of the cryptocurrencies has faced its highs and lows, especially during the year of 2017, when the price of Bitcoin hit an all-time high of $20,000.

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