{"id":2119,"date":"2021-01-23T12:57:54","date_gmt":"2021-01-23T12:57:54","guid":{"rendered":"https:\/\/pingyour.com\/blog\/?post_type=encyclopedia&p=2119"},"modified":"2023-05-24T13:07:32","modified_gmt":"2023-05-24T13:07:32","slug":"bitcoin-is-a-dgital-currency","status":"publish","type":"encyclopedia","link":"https:\/\/pingyour.com\/blog\/encyclopedia\/bitcoin-is-a-dgital-currency\/","title":{"rendered":"Bitcoin"},"content":{"rendered":"

Bitcoin is a digital currency that was launched in 2009 and has grown to be perhaps the most recognizable cryptocurrency<\/a> in the world. It is not issued by any government authority and it uses a peer-to-peer instant transaction ledger system<\/a> called Blockchain that keeps all transactions publicly available.<\/p>\n

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In a Bitcoin transaction the people that own the computers that do the processing [ also called Bitcoin miners ] receive new Bitcoin as they are periodically released, as well as transaction fees. Bitcoin mining uses very large amounts of electricity. There is a finite number of\u00a0 Bitcoin available, with the supply limited to 21 million bitcoins.<\/p>\n

\n

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