Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto

WHAT IS BITCOIN ?

Bitcoin is a cryptocurrency, or a digital currency, that uses rules of cryptography for regulation and generation of units of currency. Bitcoin falls under the scope of cryptocurrency and was the first and most valuable among them. It is commonly called a decentralised digital currency.

WHY BITCOIN ?

  • Bitcoins can be used to buy merchandise anonymously.
  • In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation.
  • Small businesses may like them because there are no credit card fees.
  • Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

WHAT ARE BITCOINS ?

Bitcoin was the first cryptocoin currency ever invented. No one knows exactly who created it – cryptocurrencies are designed for maximum anonymity – but bitcoins first appeared in 2009 from a developer supposedly named Satoshi Nakamoto.

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