Bitcoin and the
Decentralized applications are different from traditional applications due to 4 main reasons: they are built on top of a decentralized network, their code is visible to anyone, they provide tokens or digital assets, and they use a consensus mechanism to govern their network.
The Bitcoin Blockchain
New American dollars are printed at the discretion of the Federal Reserve, whereas a new Bitcoin (BTC) is created by verifying previous BTC transactions on the blockchain.
To understand this better, check out the Bitcoin Blockchain lesson to look at how the supply of currency is managed.
History of Bitcoin
The early years of Bitcoin were marked by an entrepreneurial spirit that spanned the globe. From developers in Europe who volunteered regularly to scale the blockchain, to people who built exchanges in the US and Tokyo, to Bitcoin believers who toured the globe educating people on this new revolutionary technology.
We'll walk you through the personalities, politics, price fluctuation, and history of Bitcoin from 2009 to Present.