It was before 1500 AD, and we have come a long way in 2000 AD, but it is good and great that we now live in the 21st century, equipped with complete digital information technology, since we manage nearby ATMs.
ATM (ATM) is a type of electromechanical device used to perform financial transactions from our bank account. To support the widespread use of ATMs, we have plastic money in the form of credit and debit cards, which makes our lives easier and deprives us of additional security when dealing with cash. Bitcoin was invented by Satoshi Nakamoto in 2009.
Here, transaction fees charged by banks and card companies are canceled. Some have an idea of Bitcoin, since it takes away monetary power from the banks and the government. We can take the example of Argentina, where inflation of 11% is attributed to the massive use of currencies.
The point-to-point decentralized digital currency of Internet money for 1 btc to usd conversion is controlled by cryptography, as when creating your digital bitcoin wallet; It is given to you in two parts.
The complete bank check, deposit and withdrawal form is replaced in bitcoins through the address and password. One of them is known as the open part, that is, the address usually given to another person to find out where to send the money, and the secret part is the key
What is Key’s secret here?
The Bitcoin digital asset is a key that is used to “sign” transactions using open source software that solves mathematical problems. Take the amount, the sender’s address, the recipient’s address and password, mix it with the math and issue a signature.