I know it may seem obvious, but have you ever wondered what the word "Bitcoin" means?
And why this name had such a significant impact on financial technology in 2009, initially attracting the attention of people working in IT.
The simple answer:
A Bit is the smallest unit of information in the universe, just as in physics we refer to what shapes the world as a "particle".
In computing, a bit is the smallest form of information, represented only by 0 or 1.
So 2 bits can be 00, 01, 10, or 11
and so on, everything in the digital world boils down to bits.
Just as everything in the physical world boils down to particles.
So, in the natural sciences, when we have protons, neutrons, and electrons together in space, we call it an atom.
In computer science, when we have 8 bits (which can be 01010101 or various other combinations).
We call it a byte.
I think it’s clear why the name Bitcoin is so unique and important in the union of information technology with the evolution of the economy.
I know many couldn't even imagine this, but it has always been in front of you, and you didn't realize it. 😂
