ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: Parallel Gov't Recognizes Tether Currency In Myanmar

Monday, December 13, 2021

Parallel Gov't Recognizes Tether Currency In Myanmar

A parallel government in Myanmar led by Aung San Suu Kyi's supporters recognizes Tether as an official currency for local use https://t.co/1tzEH7ILAn
— Bloomberg Crypto (@crypto) December 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.