ÐIGITΛL ΛSSΞTS EÐUCΛTION LLC: Bitcoin Energy Fud Put To Rest By Its Economic Output

Friday, January 21, 2022

A 25 sec explanation that crushes the #Bitcoin is a waste of energy narrative pic.twitter.com/SNQUujFFk1
— Blockworks (@Blockworks_) January 21, 2022

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.

Friday, January 21, 2022

Bitcoin Energy Fud Put To Rest By Its Economic Output

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