Bitcoin is the first cryptocurrency that appeared. It is a decentralized digital currency that allows for a new payment system and digital asset. Although it is becoming increasingly used, there are still many users who are unaware of

If before continuing to learn about Bitcoin you want to understand the uses, advantages, and risks of any cryptocurrency, click here.

Bitcoin is a digital currency (not physical) that only exists on the blockchain that supports it. As a currency, it can serve for everything that any other currency backed by a state can, such as the euro or the dollar.

However, Bitcoin does not depend on any governmental entity to issue or back it; rather, the users themselves manage and maintain the operation and security of Bitcoin. Therefore, it is possible to make purchases, sales, and transactions with this currency from anywhere quickly, without conditions or limitations of any kind.

But, in addition to being a currency, Bitcoin is a digital system, as it has been said, it is the first existing blockchain. This technology is an encrypted database where any information can be stored. Its importance lies in the fact that each recorded data point is marked with a unique digital fingerprint that makes it unrepeatable and immutable.