THE ERA OF DIGITAL TRANSACTION
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In 2009 The peer-to-peer system and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator named ‘Bitcoin’
It is a cryptocurrency and a digital payment system invented by an anonymous programmer, or a group of programmers, under the name Satoshi Nakamoto.
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Bitcoin has known as the first decentralized digital currency. Besides being created as a reward for mining, bitcoin can be exchanged for other currencies, products, and services globally.
From that,
the world started recognizing the technological value of cryptocurrencies the decentralized peer-to-peer public ledgers, the blockchain, the new ways to approach security and anonymity, which have spread to a great variety of fields.
I
The greatest innovation of Bitcoin is its decentralized nature. There is no person or entity in control of Bitcoin.
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II
Instead, the system is run by a network of computers, on the blockchain is distributed among them.
III
Everyone could access the data, but no one owns it, nor can change it without everyone else knowing it
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IV
and make these benefits of this technology today are the facilitation of value transfers without the third parties