User:Mominamalik26/sandbox

Attraction of Bitcoin
Bitcoin, a type of cryptocurrency was invented by Satoshi Nakamoto and was also released as an open-source software in 2009. According to Nakamoto "Buying and selling of goods over the internet relies on financial institutions acting as 3rd parties to process financial transactions." It's aim was to create a better financial system. Bitcoin was also known as "Digital Gold" because unlike physical gold, it is much faster and efficient. The United States holds the largest number of users for cryptocurrency and also the volume of bitcoin trading around the world. Bitcoin has same components as Hashcash, which was invented by Adam Back. Adam Back said, "Bitcoin is Hashcash extended with inflation control."