Bitcoin BTC is a digital currency that uses encryption to generate bitcoin addresses. This bitcoin address is an account number for bitcoin users, and it’s used for receiving bitcoin and sending them. Bitcoin is the first decentralized peer-to-peer payment network created in 2009 by someone under the pseudonym Satoshi Nakamoto. It allows people to send money without going through a bank or other financial institution because transactions are verified through “mining” nodes which secure bitcoins within a public ledger called the blockchain.
Where can I buy bitcoin?
You can buy bitcoin on a bitcoin exchange. There are many exchanges, both online and in-person, that allow you to purchase bitcoin with cash or by sending it from your bank account.
Why should I buy bitcoin?
You may want to purchase bitcoin as an investment because the value has gone up in recent years. Bitcoin is also a global currency that you can use anywhere, no matter what country’s economy or laws exist.
Bitcoin is a decentralized digital currency with no central issuing authority. It was created in 2009 by an individual or group of individuals under the pseudonym Satoshi Nakamoto and introduced as open-source software bitcoin that year. Bitcoins are not printed, like dollars or euros – they’re produced by people who dedicate their time to generating bitcoins through mining.