HomeBTC / CZK • Cryptocurrency
Bitcoin to Czech Koruna
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Jun 27, 12:14:00 AM UTC · Disclaimer
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Bitcoin is the first decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source implementation. In 2021, El Salvador adopted it as legal tender. It is mostly seen as an investment and has been described by some scholars as an economic bubble. As bitcoin is pseudonymous, its use by criminals has attracted the attention of regulators, leading to its ban by several countries as of 2021. Bitcoin works through the collaboration of computers, each of which acts as a node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of transactions, called a blockchain, without central oversight. Transactions are validated through the use of cryptography, preventing one person from spending another person's bitcoin, as long as the owner of the bitcoin keeps certain sensitive data secret. Wikipedia
The koruna, or crown, has been the currency of the Czech Republic since 1993. The koruna is one of the European Union's eight currencies, and the Czech Republic is legally bound to adopt the euro in the future. The official name in Czech is koruna česká. The ISO 4217 code is CZK and the local acronym is Kč, which is placed after the numeric value or sometimes before it. One crown is made up of 100 hellers, but hellers have now been withdrawn from circulation, and the smallest unit of physical currency is 1 Kč. Wikipedia
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