0.04 BTC To NAIRA | Convert 0.04 Bitcoin To Naira - Live Price Converter

0.04 BTC To NAIRA - Convert 0.04 Bitcoin To Naira - 0.04 Bitcoin to Naira NGN


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What Is Bitcoin?

Bitcoin is a decentralized digital currency that may be sent from user to user on the peer-to-peer bitcoin network without the use of intermediaries. It has no central bank or single administrator.

Network nodes use cryptography to verify transactions, which are then stored in a public distributed ledger  that is called a blockchain.

Bitcoins, or simply, BTC, are created as a result of the mining process. They can be exchanged for a variety of other currencies, goods, and services.



Bitcoin has been chastised for its usage in unlawful and illegal transactions, the vast amount of electricity expended for its  mining (and consequently, the associated carbon impact), price volatility, and exchange robberies.

At various times, certain investors and economists have labeled it a speculative bubble. Others have utilized it as an investment – but, you must proceed with caution though.

Bitcoin is officially used by a few local and national governments, with one country, El Salvador, accepting it as legal money.


0.04 BTC to naira . 0.04 bitcoin to naira . convert 0.04 BTC to naira . how much is 0.04 bitcoin in naira . BTC to NGN


BTC is a decentralized cryptocurrency that was first defined by a person or group of people using the identity Satoshi Nakamoto in a whitepaper published in 2008, and Bitcoin was released in January 2009 - only a few months later.

Bitcoin is a peer-to-peer digital currency - which means that all transactions take place between equal, independent network participants without the need for a middleman to allow or facilitate them. 



Bitcoin facilitates direct online payments from one party to another without involving traditional financial institutions.

Although there have been some ideas for a similar form of decentralized electronic currency before Bitcoin, it is the first cryptocurrency to be used in the real world.


History Of Bitcoin (BTC):

Satoshi Nakamoto mined the first block on the Bitcoin network, known as the genesis block, just two months later, on January 3, 2009, introducing the world's first cryptocurrency.

When Bitcoin was first established, the price was $0, and the majority of Bitcoins were obtained by mining, which required only modestly powered machines (e.g. PCs) and mining software.



On May 22, 2010, programmer Laszlo Hanyecz exchanged 10,000 Bitcoins for two pizzas in the first known Bitcoin commercial transaction.

Those pizzas would be worth $478 million at today's Bitcoin price in mid-September 2021. "Bitcoin Pizza Day" is the new name for this event. 

Bitcoin was first traded in July 2010, with a price range of $0.0008 to $0.08.


0.04 BTC to naira . 0.04 bitcoin to naira . convert 0.04 BTC to naira . how much is 0.04 bitcoin in nigerian naira . BTC to NGN


Despite the fact that Nakamoto was the creator of Bitcoin and the author of its first implementation, he gave the network alert key and management of the code repository to Gavin Andresen - who eventually became the Bitcoin Foundation's chief developer.



Many people have helped to improve the cryptocurrency's software throughout the years, by correcting bugs and providing new features on the Blockchain.

Wladimir J. Van Der LaanMarco FalkePieter WuilleGavin AndresenJonas Schnelli, and others are among the more than 750 contributors to Bitcoin's source code repository on GitHub.


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