Invented by the anonymous Satoshi Nakamoto in January of 2009, Bitcoin became the first digital asset to utilize blockchain technology. This technology is the basis of decentralization. It allows for a network owned by the people rather than by one entity. BTC was intended to be used as a global payment system, storing all transactions on an online ledger that can be accessed by anyone. It allows for cheap and fast transfer of funds without the need of a bank. Bitcoin utilizes a Proof-of-Work consensus mechanism, as miners compete for Bitcoin by maintaining the network; this is what leads to the high energy costs of mining. As cryptocurrencies have thrived, Bitcoin has remained the most recognizable and heavily-invested-in name in the sphere. While recent dramatic price movements may have people thinking “Is Bitcoin dead?”, we can assure you that Bitcoin has survived many crashes before.
CryptoScores.org is not a financial advisor nor does any of its governing members or affiliates hold such certifications. None of the content on this website nor any mode of communication such as Twitter, Reddit, or any other medium of communication, including private correspondence, constitutes financial advice. All content produced by Cryptoscores.org including Coin Scores, Investment Portfolios, Analysis Reports, and all other content is only the subjective opinion of Cryptoscores.org and is for general information only. Cryptocurrencies are speculative by nature and hold a risk of loss. All cryptocurrency users, traders, and investors are responsible for their own due diligence and research. Cryptoscores.org holds no responsibility for losses incurred or for performances in general. Trade at your Own Risk.