ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: Russel Okung: A Letter To Nigeria Re: Bitcoin Plan

Sunday, June 13, 2021

Russel Okung: A Letter To Nigeria Re: Bitcoin Plan

An Open Letter To The Nigerian Government: Pursue A #Bitcoin Standard.

"A delay in pursuing a national plan for bitcoin adoption will risk a scenario where Nigeria is left behind."

Written by @RussellOkung.https://t.co/jekpG8ek2D
— Bitcoin Magazine (@BitcoinMagazine) June 13, 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.