Bitcoin: is it safe and should you invest? | 7NEWS

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  • 7NEWS Australia published this video item, entitled “Bitcoin: is it safe and should you invest? | 7NEWS” – below is their description.

    Bitcoin has exploded in popularity, but it’s left many people wondering whether cryptocurrency is safe and a good investment. David Koch explains the pros and cons of digital currency.

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  • In This Story: Bitcoin

    Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software. Bitcoin was the first decentralized cryptocurrency.

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  • In This Story: Cryptocurrency

    A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

    Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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