$BTC Bitcoin is a cryptographic digital currency that exists in virtual form, designed to be a substitute for money and a method of payment outside the control of any person or entity, so it will not be necessary to involve a third party in financial transactions. Bitcoin coins are awarded as a reward to those who engage in mining and can be purchased on many exchanges.

Each bitcoin coin is valid for storage in a cryptocurrency exchange or in a digital wallet. Each individual coin represents the current value of bitcoin, but what is special about trading bitcoin is that you can own a part or parts of the coin and it is not necessary to buy the whole coin. The smallest unit of each bitcoin coin is called a satoshi in honor of the bitcoin inventor. Regarding the value of a satoshi, it can be noted that one bitcoin is equivalent to one hundred million parts of a satoshi, so many people may turn to buying satoshis if they do not have enough money to trade with a bitcoin as a single coin.

History of bitcoin

Bitcoin was introduced to the public in 2009 by an anonymous developer or a group of unknown developers who used the name Satoshi Nakamoto. Since then, bitcoin has become the most famous cryptocurrency in the world.