Introduction to Bitcoin

Since the beginning of the internet, people have attempted to transfer value over the network in a secure, safe and easy way. 

Several early attempts to make this happen were almost successful, except for a key missing option: the avoidance of the double spend problem. In the real world, you cannot spend a single bill more than once. E.g. photocopying a bill will not work. 

In 2010, a person or a group by the name of Satoshi Nakamoto published a paper detailing a peer to peer electronic cash system that also solves the double spend problem. You can think of bitcoin as the easiest way to exchange value at a very low cost.

At Rain, it is our responsibility to educate our customers on what is happening in the cryptocurrency industry. If you have any questions, please get in touch with us here.

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About Rain

Rain’s company center is located in Istanbul, a crypto monetary platform operating in Turkey. With Rain, you can buy, sell and store bitcoin and other crypto coins safely and in accordance with the rules.