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What is Bitcoin?

Bitcoin is the most famous Digital Currency to this date.
Being the most famous in the Crypto industry also means it has the Highest value.
It reached its peak in the December 27th, 2017, when it hit the mark of $19.700,00.


It gained massive popularity because of the code Bitcoin is built with.
We’re talking about first decentralized digital payment system. This means no personal information or data is being stored, monitored or altered in any way.

Combined with the fact that it runs without admin, and cuts out the middleman in the process, it’s no surprise that it gained such popularity and value.

Bitcoin was created by an Unknown programmer (or a group of them) under the name Satoshi Nakamoto in the early 2009. It was released as a part of an Open Source, Peer to Peer public ledger called Blockchain. Transactions in a Blockchain are verified by network nodes and are later recorded in the Blockchain itself, which makes the system Unique.

Besides mining, an original way of earning Bitcoin, you can purchase it and trade other Cryptocurrencies for it. Or you can earn it as a payment for products and services.

As of February 2015, over 100,000 merchants and vendors accepts bitcoin as payment. Bitcoin can also be held as an investment.

According to research produced by Cambridge University in 2017, there are 2.9 to 5.8 million unique users using a cryptocurrency wallet, most of them using Bitcoin. Safe to say, this number has drastically increased by now.

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