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Table of Contents
Bitcoin
An Intro to Bitcoin
By Ivan Cryptoslav
6m
Created 3yr ago, last updated 3yr ago
An introduction to Bitcoin: the world's first — and largest — cryptocurrency, and the most important things you need to know about the Bitcoin blockchain.

An Intro to Bitcoin
Table of Contents
How to Create a Bitcoin Account?
Why Does Bitcoin Have Value?
Is Bitcoin Safe?
Crypto Hacks Involving Bitcoin

Bitcoin is the biggest cryptocurrency in the world, but many people do not even know the basics of Bitcoin.
For example, Bitcoin is the first decentralized peer-to-peer (P2P) payment network in the world that allows users to send money without relying on middlemen. This concept was dubbed "cryptocurrency" by Wei Dai in 1998 and eventually realized by a mysterious person called Satoshi Nakamoto in 2009. Satoshi vanished in 2010, and his identity has since remained unrevealed.
Even though some understand Bitcoin to be controlled by Satoshi or possibly its miners or whales, in reality, no one controls the network — it belongs to all its users. Bitcoin can only work if a consensus among all users is reached, which happens through a process called mining. This process checks the validity of each transaction and requires the use of specialized hardware to earn a reward in bitcoins. However, on the front end, the network is a mobile app or a computer program with a wallet for sending and receiving coins.
To clarify more misconceptions about Bitcoin, CoinMarketCap looks at:

How to create a "Bitcoin account" (a wallet)
Why Bitcoin and other cryptocurrencies have value
The safety of Bitcoin
The largest crypto hacks involving Bitcoin