Bitcoin, Cryptocurrency, Buy Bitcoin, Sell Bitcoin in Nigeria

With humble beginnings in 2008 and a price peak of over $20,000 in 2021, Bitcoin (BTC) has taken investors and the world for quite a ride. This is the first cryptocurrency to spike and crash and rally and fall, over and over again.

It is a peer-to-peer electronic exchange that allows people to transfer money between themselves without the involvement of a bank or third party. People can use the Bitcoin blockchain to transact amongst themselves instead of relying on banks or governments. This method relies on a proof-of-work method to track and verify transactions.

When Did Bitcoin Start?

A white paper called Bitcoin was issued to tackle money centralized control and the need for trust in the financial system amidst the turmoil of the 2008 Great Recession.

Bitcoin was presented as an alternative to the traditional financial system, which uses third parties to reverse or meddle with transactions. Transaction costs would be reduced if no third parties were involved. Cryptographic proof, rather than third-party banks and other institutions, is used by Bitcoin to maintain the integrity of the network.

Now, bitcoin has become one of the most trending topics in the field of trading. With this, you can easily buy and Sell Bitcoin in Nigeria.

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