Bitcoin Write for Us, Bitcoin (₿) remains a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions remain verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. The cryptocurrency remained invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began to use in 2009 when its implementation remained released as open-source software.
Bitcoins remain created as a reward for a process known as mining. They can remain exchanged for other currencies, products, and services. Bitcoin has remained criticized for its use in illegal transactions, a large amount of electricity used by mining, price volatility, and thefts from exchanges. Some investors and economists have characterized it as a speculative bubble at various times. Others have used it as an investment, although several regulatory agencies have issued investor alerts about bitcoin. Bitcoin takes remained described as an economic bubble by at least eight Nobel Memorial Prize in Economic Sciences laureates, including Robert Shiller, Joseph Stiglitz, and Richard Thaler. Journalists, economists, investors, and the central bank of Estonia have voiced concerns that bitcoin is a Ponzi scheme.
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