what was bitcoin used for originally

Last Updated on June 26, 2023 by Paganoto

What is bitcoin and how does it work? – New Scientist

Bitcoin was created as a way for people to send money over the internet. The digital currency was intended to provide an alternative payment system that would operate free of central control but otherwise be used just like traditional currencies.

The History of Bitcoin, the First Cryptocurrency

Bitcoin was created out of the turmoil of the 2008 Great Recession as distrust of banks and their role in the financial system grew. An …

History of bitcoin – Wikipedia

Originally designed as a medium of exchange, Bitcoin is now primarily regarded as a store of value. The history of bitcoin started with its invention and …

Bitcoin – Wikipedia

The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. … The currency began use in 2009, when its …

How bitcoin grew up and became big money – The Verge

Originally, bitcoin was money with a philosophy: instead of a central bank, it had programming and Nakamoto’s whitepaper, both of which …

Bitcoin (BTC) Definition – Investopedia

How Is Bitcoin Used?

Bitcoin's Price History – Investopedia

While Bitcoin is still a cryptocurrency, investors have also used it to store value and to hedge against inflation and market uncertainty.

What is Bitcoin? A Beginner's Guide | NextAdvisor with TIME

Bitcoin was created in 2009 on the heels of the economic recession. Bitcoin was created to be an electronic peer-to-peer cash system, but has …

The brutal truth about Bitcoin – Brookings Institution

Bitcoin was created (by a person or group that remains unidentified to this day) as a way to conduct transactions without the intervention of a …

What is Bitcoin? The Basics of Bitcoin Explained – CoinDesk

Nakamoto originally designed bitcoin as an alternative to traditional money, with the goal for it to eventually become a globally accepted …

Paganoto

Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.