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What is Bitcoin?

Bitcoin is a new type of currency or money. Bitcoin is a cryptocurrency and is also a decentralized currency, which means that no one controls it except for its users. They create and use it without the need for a middleman or a watchdog, such as a government or a bank like other currencies in the world. About the origins of Bitcoin, in 2008, a person named "Satoshi Nakamoto" published a study explaining what Bitcoin is and how Bitcoin works, and in 2009, Satoshi launched the Bitcoin network to the world.
Bitcoin runs on a "peer-to-peer" system, and a peer-to-peer system allows users to interact directly with each other without the need for an intermediary, which means that the data you receive on your computer comes from another source using the Bitcoin network and not from the "server" This gives the Bitcoin network the advantage that no one can attack the network, attempt to shut it down, or make reservations on Bitcoin for any user.
You can use Bitcoin to buy and sell whatever you want. There are thousands of websites and online stores that deal in Bitcoin, and it is increasing on a daily basis, and there are also stores, hotels and restaurants around the world that deal in Bitcoin.
Bitcoin has a value that changes daily, just like any currency in the world, and the price of Bitcoin changes depending on the demand for it, so if the demand for Bitcoin increases, its price rises, and vice versa. The price of one bitcoin at the time of writing this article is $ 1,200. Here is a chart showing the price of Bitcoin on the world's largest Bitcoin exchange, "Mt. Gox" since its inception in 2010 and Bitcoin reached its highest level of $ 1,242 in December of this year 2013.



The reason for the rise of Bitcoin


Investors are happy in cryptocurrencies, as the price of one bitcoin reaches more than $ 30,000, a record high that it surpassed for the first time.
At 1413 GMT in Paris on Saturday, Bitcoin was valued at $ 30,823,330, leading Bloomberg. He commented on this comment 20,000 times on December 16.
Bitcoin news has left behind questions about a new high in the near future, and the future of crypto in the future.

Email and the retro press
Nasrallah said: "The criticism was shaken in a number of countries, and people wanted to resort to a safe and well-known alternative with a history such as the homeland, which is similar to what happened after the 2008 economic crisis in the United States."
The second thing is that the number of digital provinces has increased dramatically, as it has become the third edition of digital currency trading, not just Bitcoin. 18 million units, Nasrallah explains
Digital wallets, which are dedicated wallets for cryptocurrencies, were also stored in the mail.
And it suffers from economic problems for a short period and for a period of money, along with the peoples that suffer economic difficulties due to sanctions, such as Venezuela and Brazil, as well as in Lebanon.
Nasrallah also noted the circulation of Bitcoin by some Arab peoples, such as Palestine and Palestine, describing the previous matter as "very interesting."
        
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