Bitcoin (BTC) is a type of digital currency used as a store of value. Invented in 2009 by a person (or a group of people) under a pseudonym Satoshi Nakamoto. Only 21 million Bitcoins can be ever created
Bitcoin is decentralised, meaning no central bank or authority can control it. Instead, the history of all transactions is stored on a public ledger – blockchain. Every member of the network can see the blockchain and contribute to its maintenance.
Bitcoin is the first example of a new type of money known as a cryptocurrency. [Read More…]
WHAT CAN YOU DO WITH BITCOIN?
- Use it as a store of value
- Make it an investment tool
- Purchase online goods
- Buy property
- Pay in physical stores