What is Bitcoin?
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Also known as Digital Gold, Bitcoin is the most popular of all cryptocurrencies
- Bitcoin is the world’s first cryptocurrency. It was invented by Satoshi Nakamoto in 2009. Using Bitcoin, people can now transfer money anywhere in the world for cheap without needing to trust any third party. Learn more about legality and top global bitcoin regulations here. From million dollar pizzas to breaking barriers regularly, bitcoin’s history is extremely intriguing.
- It is an open source software. This means, that no person, company or country owns this network just like no one owns the Internet. The system is peer-to-peer, that is, users can transact directly without an intermediary like a bank, a credit card company or a clearing house. Transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. To know what is blockchain, click here.
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