Do you know your Bitcoin history? If not, we've got you covered in the 12 part primer on Bitcoin.
It all started soon after the financial crisis of 2008, when on October 31st, the now famous white paper Bitcoin, a peer to peer electronic cash system, was shared on a cryptography forum by Satoshi Nakamoto as an answer to the shortcomings of the traditional fractional financial system that had led to the crisis.
The problem with electronic payments in the past is the risk of the same money being spent twice. This is called double spending. The issue was the inability to verify whether a digital currency has been spent more than once. The only solution that existed up to that point was to have a trusted third party entity that verified all transactions like a central bank.
But the experience of 2008 had shown that these trusted entities don't always work in the best interest of the people whose money they handle. Thanks for watching, everyone. We've got a lot more videos for you. So just like any of these to keep watching.
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This content is for educational and informational purposes and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction. Exodus cannot guarantee the performance of the third-party platforms shown in this video. Its products/services, the steps shown, and the information provided may not always be accurate and are subject to change.
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