Altcoins and the Crypto Winter: Which One Is the Winner?
— Money, Mining, Winner, Digital, Bitcoins, Winter, Altcoins, Process, Asset, Crypto, Transactions, Bitcoin — 1 min read
May 22 is known as the Bitcoin Pizza Day, marking the anniversary of BTC’s first official commercial transaction with a real company. Bitcoin is a completely neutral and decentralized asset which means no one is controlling it (no bankers or oligarchs pulling strings behind the curtain), and no central entity can issue or back it. The asset can be exchanged for currencies even though it is not backed by any form of government or central entity like a central bank. Bitcoin mining consists of computing power to solve mathematical puzzles. Bitcoin miners act as a decentralized authority which enforces the Bitcoin network's credibility by performing these tasks and maintaining the Bitcoin ledger. Source