Daily Current Affairs / The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, unveiled in Budapest
Category : Miscellaneous Published on: September 25 2021
· The first statue of Satoshi Nakamoto, the pseudonymous creator of bitcoin, was unveiled in Budapest, Hungary.
· It is displayed in Budapest's Graphishop Park.
· The unveiling ceremony saw the presence of Andras Gyorfi, the co-founder of the "Statue of Satoshi" project and editor of crypto news site Kripto Akademia, and Debreczeni Barnabas, CEO of Hungarian crypto exchange Shinrai.
Important facts
About Bitcoin (BITCOIN)
v Bitcoin is a decentralized digital currency, without a central bank or single administrator that can be sent from user to user without the need for intermediaries on the peer-to-peer bitcoin network.
v All bitcoin transactions are verified by a huge amount of computing power through a process called "Mining".
v Bitcoin is not issued or backed by any bank or government, nor is it valued as a personal commodity.
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