What is bitcoin?$BTC
The world’s first widely-adopted cryptocurrency. With Bitcoin, people can securely and directly send each other digital money on the internet.
Bitcoin was created by Satoshi Nakamoto, a pseudonymous person or group who explained the whole idea in a white paper back in 2008. The concept is pretty simple: Bitcoin is digital money that lets people send money to each other securely over the internet.
Unlike services like Venmo or PayPal, which need the traditional financial system and your bank or credit card accounts, Bitcoin is decentralized. That means anyone, anywhere in the world, can send Bitcoin to someone else without needing a bank, government, or any other middleman.$BTC
Every Bitcoin transaction is recorded on the blockchain, which is kind of like a digital ledger or log that keeps track of all transactions. But unlike a bank’s ledger, the blockchain is shared across the entire network. No one person, company, or country controls it — anyone can join and participate.
There will only ever be 21 million Bitcoins, making it a type of digital money that can’t be inflated or manipulated. You don’t need to buy a whole Bitcoin — you can buy just a fraction of one if that’s all you want or need.$BTC
