ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: Uruguay Introduces Bill To Make Bitcoin Legal Tender

Thursday, August 5, 2021

JUST IN:

Uruguayan senator @JuanSartoriUY has introduced a bill to make #Bitcoin and crypto legal tender pic.twitter.com/pnwD4QbIVR
— Blockworks (@Blockworks_) August 4, 2021

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.

Thursday, August 5, 2021

Uruguay Introduces Bill To Make Bitcoin Legal Tender

No comments: