#BitcoinBounceBack

What is Bitcoin?

Bitcoin is a digital currency - also known as cryptocurrency - that can be traded for goods or services with sellers who accept Bitcoin as a means of payment. Using Bitcoin, holders can buy, sell, and exchange goods or services without needing a central authority or bank as an intermediary.

Bitcoin is one of the most popular virtual currencies today, having seen a significant increase in value since its launch in 2009. Satoshi Nakamoto, the pseudonym of Bitcoin's creator, stated that the purpose of Bitcoin is to be an electronic payment system based on cryptographic proofs, rather than trust. Some Bitcoin holders buy it as an investment, hoping to increase its value, while individuals and businesses use it or accept payments in the form of currency. For example, PayPal currently supports Bitcoin transactions, and El Salvador has accepted Bitcoin as currency.

Bitcoin transactions occur between Bitcoin via the exchange of anonymous and accurately encrypted hash tokens over a peer-to-peer (P2P) network. The P2P network monitors and verifies the transfer of Bitcoin between users. Each user's Bitcoin is stored in a program called a digital wallet, which also holds all