Hello everyone!
Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralized digital currency, as the system works without a central bank or single administrator. The network is peer-to-peer and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes through the use of cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009.
This invention of Satoshi Nakamoto incredibly stunning us, Bitcoin known as a revolutionary invention.
Can Bitcoin solve the worlds problem?
Absolute yes for me , why?
The problem that governments created by monopolising the issuance of currency and thrusting fiat systems of finance and currency upon the world.
✦ 100% voluntary and non-coerced or forced upon people
✦ Users/owners are free to do with it what they will and use it in whatever way they like
✦ Fraud/counterfeiting (which are standard practice in banking/government finance systems) are completely impossible
✦ No central entity means no single point of failure and a distributed mining/accounting system means an incredibly resilient and powerful network (The Bitcoin network outperforms the top 500 supercomputers combined | ExtremeTech)
✦ Inflation (creation of money) happens at a stable rate and halves every four years, creating a limited supply of 21 Million Units - this solves a problem that central banks and governments have created
✦ Free transfer and free to hold - this solves the problem that banks created