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Bitcoin is the first digital currency launched in January 2009. It follows the idea of a peer to peer trading system, first published on paper by a Japanese software developer using the pseudonym Satoshi Nakamoto.It was a decentralized type of currency, meaning it doesn’t need conventional intermediaries like governments and banks to transact money.
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Lustig and Nardi point to the Bitcoin protocol as a case of 'algorithmic authority' [7 ]. The promise of blockchain technologies is in supporting new forms of Bitcoin transactions are audited as well as recorded on the blockchain by miners. They are remunerated for their accounting work in the form of new bitcoins for That's because they're both new investment opportunities and, as market sentiment around the potential of cryptocurrencies fluctuates, so too does the price of