Sociology, asked by Anonymous, 1 year ago

What is bitcoin ? Where is used ?​


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Answers

Answered by rockman968
0

Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.Bitcoin has been criticized for its use in illegal transactions, its high electricity consumption, price volatility, thefts from exchanges, and the possibility that bitcoin is an economic bubble.Bitcoin has also been used as an investment, although several regulatory agencies have issued investor alerts about bitcoin.

It can be used to buy or sell items from people and companies that accept bitcoin as payment, but it differs in several key ways from traditional currencies.

Answered by ImpressAgreeable4985
0

Answer:

used to book hotels on Expedia

Explanation:

Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games.

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