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Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoinโs creator, Satoshi Nakamoto, originally described the need for โan electronic payment system based on cryptographic proof instead of trust.โ Each and every Bitcoin transaction thatโs ever been made exists on a public ledger accessible to everyone, making transactions hard to reverse and difficult to fake. Thatโs by design: Core to their decentralized nature, Bitcoins arenโt backed by the government or any issuing institution, and thereโs nothing to guarantee their value besides the proof baked in the heart of the system. โThe reason why itโs worth money is simply because we, as people, decided it has valueโsame as gold,โ says Anton Mozgovoy, co-founder & CEO of digital financial service company Holyheld.
Secret Chats are one of the serviceโs additional security features; it allows messages to be sent with client-to-client encryption. This setup means that, unlike regular messages, these secret messages can only be accessed from the deviceโs that initiated and accepted the chat. Additionally, Telegram notes that secret chats leave no trace on the companyโs services and offer a self-destruct timer.
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