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Running head: MEDIA BIAS
Bitcoin is a form of electronic cash; a cryptocurrency. It is digital currency that is
decentralized without a single administrator or central bank that can be transferred from one
person to another on the bitcoin network referred to as peer-to-peer, without the requirement for
intermediaries. Network nodes are used to verify transactions through cryptography and recorded
in the blockchain, a public distributed ledger. A group of unknown people or a person by the
name Satoshi Nakamoto invented Bitcoin and released as an open-source program in 2009. They
can be traded for other products, currencies, and services. A study produced by the Cambridge
University estimates that in 2017, there were more than three million exclusive users utilizing
cryptocurrency wallet, specifically Bitcoin.
BBC news describes Bitcoin as a virtual or digital currency that is entirely virtual, hence
an online version of cash. Bitcoin c...