THE ERA OF DIGITAL TRANSACTION
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.
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.
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
IV
and make these benefits of this technology today are the facilitation of value transfers without the third parties
