āBitcoinās unstoppable nature compared to the inevitability of tomorrowās sunrise encapsulates its growing impact on our world. š #Bitcoinās journey reflects a revolution thatās here to stay. What are your thoughts on the future of cryptocurrencies? #Blockchain #CryptoFuture
What is Bitcoin? Bitcoin is a form of cyber currency. Like other currencies, Bitcoin does not have any authority that governs it. Bitcoin operations are enabled on thousands of computers spread throughout the world, Anyone can enable bitcoin transactions by downloading a special application.
History of Bitcoin. Bitcoin is the first Currency that was introduced in 2008, but started to be used in 2009, This system enables any user to send or receive using the internet.
One of the things that makes Bitcoin attractive to many people -Inability to be interfered with (hacked) or destroyed. -Transactions in this system can be done at any time. - Do not allow money to be used more than once (double spending). -Also the freedom to make transactions because there is no authority that controls this system.
May 22, 2010, when a programmer named Laszlo Hanyecz paid 10,000 bitcoins for two pizzas. As of May 22, 2023, the value of one bitcoin is currently fluctuating, but it's around $36,000 to $40,000 USD.
So, if we assume that the 10,000 bitcoins used to purchase the pizzas in May 2010 were held until today (May 22, 2023), their value would be between $360 million and $400 million USD.
"If you need to buy #BitcoinĀ in the markets of #Nigeria , you will be required to pay $38,000 at the moment in P2P Markets like #BinanceĀ , #Remitano etc." That what i mean but the value of Bitcoin globally you can check in #coinmarkecap,#CoinGecko etc.