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Transition to Web3 - Course 2 | Transactions and Bitcoin

Satoshi and the birth of Bitcoin

Digital currencies

Digital currencies

By incorporating transactions on a blockchain, you create a decentralized and dependable record of transactions, i.e. a distributed ledger. 

Such a system can keep track of common currency (e.g. US dollars) transactions, but it can also keep track of transactions in other currencies as well. It can even support a financial system using a made-up digital currency as “money.”

The Bitcoin network enables a financial system based on its native digital currency "bitcoin." 

Of course, for people to start trading with this money, some money needs to be injected into the system. But how can a digital currency just be created out of thin air, you ask?! 👻 Good question. 


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Disclaimer: The information, programs, and events provided on https://risein.com is strictly for upskilling and networking purposes related to the technical infrastructure of blockchain platforms. We do not provide financial or investment advice, nor do we make any representations regarding the value, profitability, or future price of any blockchain or cryptocurrency. Users are encouraged to conduct their own research and consult with licensed financial professionals before engaging in any investment activities. https://risein.com disclaims any responsibility for financial decisions made by users based on the information provided here.