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Question

How bitcoin was created?


Answers (1)

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Arsalan Afzal
Jan 30, 2022 11:32:09

Bitcoin was created with the idea of using it as currency replacement. The creator, Satoshi Nakamoto, designed bitcoin to have a finite supply and to be free from government control or manipulation. This made it an attractive option for those who were disillusioned with the current financial system. Bitcoin is unique in that there is a fixed number of the- 21 million to be precise. This makes it deflationary, meaning that over time their value will increase as they become scarcer. And unlike other forms of currency, bitcoin is not subject to inflation- meaning its value cannot be reduced by central banks printing more money

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