Is bitcoin a centralized or a quasi-political system?

Decentralized: There is no third party or no CEO who controls the bitcoin network. The network consists of willing participants who agree to the rules of a protocol and changes to the protocol are done by the consensus of its users. This makes bitcoin a quasi-political system.

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.

What is the summary of bitcoin based on?

The summary of Bitcoin is based on the most popular technical indicators, such as Moving Averages, Oscillators and Pivots. Learn more This information is not an individual investment recommendation, reflects only the personal opinion of the author, cannot serve as a guide for investing in any financial instruments and be their advertisement.

What is bitcoin mining?

Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.