Bitcoin
Why Was Bitcoin Created?
Bitcoin was created in response to several factors. Decentralization:
Bitcoin was designed as a decentralized digital currency, free from
control by central banks or government institutions. The idea was to
give individuals more control over their financial transactions and
reduce reliance on intermediaries like banks. Financial Economic Crisis:
Bitcoin's creation came shortly after the 2008 global financial economic
crisis, which exposed vulnerabilities in the traditional financial
system. Bok, K. (2024).
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Digital Payment Made Easier |
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More people are using Bitcoin |
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Money
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Atm Machines to Access Electronic
Currency |