El Salvador became the first country in the world to adopt bitcoin as legal tender after the country’s Congress on June 9, 2021.
Daily Current Affairs Quiz 2021
Cryptocurrency is a digital asset which works as a medium of exchange wherein individual coin ownership records are stored in the form of a computerized database.
It does not exist in physical form and not issued by central authority Bitcoin is the first decentralized cryptocurrency which was released in 2009.
Bitcoin is decentralized digital currency which lacks central bank or single administrator. It is sent from user to user on peer-to-peer bitcoin network.
A satoshi is the smallest unit of a bitcoin, equivalent to 100 millionth of a bitcoin. The Founder of Bitcoin is Satoshi Nakamoto.
El Salvador is a country in Central America. It is bordered on the northeast by Honduras, on the northwest by Guatemala, and on the south by the Pacific Ocean. El Salvador’s capital and largest city is San Salvador.
