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On most websites you will often find the same definition of what bitcoin is: the digital currency of the internet . But bitcoin is more than just a cryptocurrency and it has been a great financial revolution . You want to know why? Discover what bitcoin is, how it works and what it is for .
Discover all about bitcoin in Spanish!
Why has virtual currency raised so much expectation? What are you waiting for to know what bitcoin is in depth?
If you want to understand bitcoin fast, we have prepared a simple explanation where you will learn what the internet currency consists of. But also, throughout this course, you can find an advanced technical explanation about bitcoin, where we go into its protocol and teach how it works.
The meaning of bitcoin is " virtual currency ." It is the first cryptocurrency that was created. In short, it is a currency to use on the internet.
It is done? Is Bitcoin just a digital currency? Surely this definition is what you find on most web pages, but digital currency is much more than this. The secret of bitcoin lies in how its protocol works and how it manages transactions .
What is the origin of the digital currency?
To understand a little better what bitcoin is about we must go back a few years. Specifically in 1950, when Diners Club was created .
The idea was born when Frank McNamara, co-founder of this company, was having dinner at a restaurant with some customers and had forgotten his wallet. How could I pay without having cash? Thus he created the first credit card .
In the first years people distrusted that piece of plastic . Was it safe? Could you steal me? However, 20 years later, in the 1970s, half of the population of the United States already had a credit card.
Curiosities
According to the definition of bitcoin of the Fundeu the adaptation in Spanish is bitcoin , with tilde. In addition, the plural should be bitcoines instead of bitcoins .
Like credit cards, bitcoin is born to cover certain needs.
The main objective was to create digital cash . That is, offer a service where you can have a digital wallet with cash, without the need for cards or bank deposits.
This is achieved because of the bitcoin addresses . These are housed within the cryptocurrency network itself. There is no other intermediary, such as banks.
In addition, due to the large current extent of electronic devices, you can dispose of them anywhere, stored more securely than traditional cash, which can be stolen or lost.
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