ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: More & More Republicans Support Bitcoin "Sound Money"

Tuesday, June 29, 2021

More & More Republicans Support Bitcoin "Sound Money"

"Sound money is a stable store of value and an efficient means of exchange. To defend freedom, America must return to sound money." -Congressman @WarrenDavidson on #Bitcoin pic.twitter.com/KPtnuvixN5
— Bitcoin Magazine (@BitcoinMagazine) June 29, 2021

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What Is Bitcoin BTC?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.