What is Bitcoin (BTC)?
Bitcoin (BTC) is a digital currency that was created in 2009 by the mysterious Satoshi Nakamoto, but his true identity is still unknown. Bitcoin offers to revolutionize the way we view money. It offers lower transaction costs than the traditional financial system and is not operated by a central authority.
What is bitcoin (BTC) used for?
Bitcoin was created as an alternative way for people to send and receive payments. It operates free of a central authority. Bitcoins can be exchanged for cash just like any other type of asset. This can be done on a wide variety of bitcoin exchanges.
Bitcoin is a cryptocurrency that can be used as a means of payment for products or services. More and more businesses are starting to accept bitcoin as a payment method and as the adoption of bitcoin continues to accelerate paying with your bitcoins is going to be a common occurrence.
Bitcoin payments are not tied to any country. As such, international payments are a piece of cake. Moreover, the transaction fees on the bitcoin network are much lower than those seen within the traditional financial system.
Bitcoin can also be used as a store of value. Often the comparison with gold is made. Investing in bitcoin can be extremely lucrative. It has been the best performing asset in the world during the past ten years! With bitcoin you can be your own bank.
Bitcoin is set to revolutionize the world. It has the potential to replace our current financial ecosystem and improve every aspect of it. Bitcoin and other cryptocurrencies such as ethereum (ETH) are here to stay.
Why is bitcoin (BTC) worth money
Bitcoins (BTC) are extremely valuable nowadays. The price of a single bitcoin nowadays is tens of thousands of dollars. Why is it that bitcoin is worth so much and why does the value seemingly continue to rise?
First, bitcoin has value because people give it value. Compare it to gold. Gold has value because society has determined that gold is valuable. It is not excessively rare, it does not have exceptional properties. It is valuable because we say it is valuable.
The same applies to bitcoin. People from all over the world see the potential bitcoin and blockchain technology have. It is widely regarded as an extremely lucrative investment and an excellent way to store value. As a result the demand is high. As the demand grows, so does the value and price of bitcoin.
Bitcoin is also scarce. There is a limited supply of bitcoins and this maximum supply will never increase. Compare this to traditional fiat currency where central banks print an almost endless amount of new money, with severe inflation as a result. Bitcoin is seen as a viable alternative to this systeem and that is why bitcoin is so valuable.
How many bitcoins (BTC) are there?
Bitcoin is scarce and only a limited supply exists. Bitcoins are generated by a process called mining. Mining is performed by high-powered computers that solve very complex mathematical problems. This process is necessary to maintain the ledger of transactions which are at the core of the bitcoin network.
As a reward for their efforts bitcoin miners will receive rewards in the form of newly minted bitcoin.
At this moment around 18 million bitcoins exist in circulation. However, there will never be more than 21 million bitcoins. This is the absolute maximum supply and this limit cannot be expanded. That means around 90% that will ever be in existence already exist. Bitcoin is scarce, very scarce.
Who invented bitcoin (BTC)?
Bitcoin was invented by a mysterious, and to this very day anonymous person. He goes by the name of Satoshi Nakamoto. His true identity has never been revealed and many believe it never will be. Nakomoto created bitcoin all the way back in 2009.
Nakamoto came to be known when he released a paper in 2008 outlining his vision for the future. He believed digital currencies were the solution to many of the problems that exist within our traditional financial system. He also believed decentralization of this system was of paramount importance.
When he created bitcoin in 2009 he was actively working on the first released version. He only communicated electronically and made sure nobody could find out his true identity. His involvement with bitcoin ended in 2010. His last known message was that he had moved on to other things.
The identity of Satoshi Nakamoto remains the subject of an enormous amount of debate. The father of Bitcoin may even be in possession of as many as 1 million bitcoins. His wallet however has not been touched in many years and remains inactive.
Several people have been put forward as Satoshi Nakamoto, however none of them have been proven to actually be him.
Get salary in bitcoin (BTC)
Bitcoin and other cryptocurrencies are slowly but surely taking over the world. As a result the possibilities are growing. Today it is even possible to get paid in bitcoin. Especially many companies that focus heavily on blockchain technology will not hesitate to allow salaries to be paid in bitcoin.
On Blockchain4talent.com we offer many such job vacancies. Are you interested in cryptocurrency jobs or bitcoin jobs? You have come to the right place. We offer more than 1,000 different cryptocurrency and bitcoin jobs and many of them even come with the option to receive payment in the form of bitcoin or ethereum.
Build on Bitcoin
Bitcoin jobs all around Europe are in huge demand. As the adoption of bitcoin by companies, and even countries, is expanding, so is the availability of bitcoin related jobs. The world of cryptocurrency is bigger than just bitcoin however.
A plethora of other cryptocurrency jobs are available on our website. Development on countless different cryptocurrencies is never ending and the potential of this exciting world is endless.
The industry is so new and revolutionizing that crypto-knowledgeable people are in great demand and hard to find. Luckily, this means a lot of job openings are often available.