Hie, I am sure you are one of the many new or those already involved in the new electronic digital currencies that are now beginning to be acceptable in today's economic and financial sectors. This report will provide you with a good perspective of Bitcoin and how it derives its existence in the form of being a Cryptocurrency.
Bitcoin started as a new experimental electronic currency back in 2009 when the Bitcoin specification, proof of concept etc.. got published in 2009 by Satoshi Nakamoto. From when it was created Bitcoin has gained widespread support, a growing user base, much improved features, has more developers and partners, including being able to inspire many other new cryptocurrencies using similar or almost similar structures thereby the end result is the
mushrooming of thousands and thousands of some successful and non-successful cryptocurrencies to date.
Most common units of Bitcoin are, bits, and satoshi: 1 bitcoin = 1 000 000.00 bits = 100 000 000 satoshi.
Others are, 0.01 BTC = 1 cBTC = 1 centibitcoin (also known as bitcent
0.001 BTC = 1 mBTC = 1 millibitcoin (also known as mbit (pronounced em-bit) or millibit or bitmill
0.000 001 BTC = 1 μBTC = 1 microbitcoin (also known as ubit or microbit)
Bitcoin started as a new experimental electronic currency back in 2009 when the Bitcoin specification, proof of concept etc.. got published in 2009 by Satoshi Nakamoto. From when it was created Bitcoin has gained widespread support, a growing user base, much improved features, has more developers and partners, including being able to inspire many other new cryptocurrencies using similar or almost similar structures thereby the end result is the
mushrooming of thousands and thousands of some successful and non-successful cryptocurrencies to date.
Most common units of Bitcoin are, bits, and satoshi: 1 bitcoin = 1 000 000.00 bits = 100 000 000 satoshi.
Others are, 0.01 BTC = 1 cBTC = 1 centibitcoin (also known as bitcent
0.001 BTC = 1 mBTC = 1 millibitcoin (also known as mbit (pronounced em-bit) or millibit or bitmill
0.000 001 BTC = 1 μBTC = 1 microbitcoin (also known as ubit or microbit)
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