What is Bitcoin & Why Does it Exist? Explained!
Bitcoin was launched in 2009 by an anonymous person or entity named Satoshi Nakamoto in the aftermath of the 2008 market crash. Nakamoto designed Bitcoin as a virtual currency that is foolproof that cannot be tampered with by bad actors. BTC operates free from the purview of the governments and banks that largely have no control over its transactions. Blockchain technology remains the centerpiece in the overall happenings of the crypto, NFT, and Web3 sector. Also Read: Bitcoin Could Drop Massively in Price From $19,000 Levels Why Does Bitcoin Exist? Source: Wallpaperflare.com First and foremost, Nakamoto launched Bitcoin to provide a safety net to investors from the wrongdoings of the traditional financial markets. While the traditional markets solely rely on numerous software for transactions that remain gullible to hacks, Bitcoin is not. Instead, BTC relies on peer-to-peer cryptography in the blockchain sphere. The transactions are run on a ledger record that is publicly...