The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Bitcoin is a new kind of money that can be sent from one person to another without the need for a trusted third party such as a bank or other financial; it is the first global, decentralized currency.
Bitcoin was originally released in 2009 by Satoshi Nakamoto as a piece of software and a paper describing how it works. Because Bitcoin is fundamentally software, anybody can run it on their computer, and therefore participate in a global economy.
One of the most important elements of Bitcoin is the blockchain, which tracks who owns what, similar to how a bank tracks assets. What sets the Bitcoin blockchain apart from a bank's ledger is that it is distributed, meaning anyone can view it. Since Bitcoin is open, no company, country, or third party is in control of it, and anyone can participate.
One can use bitcoins to purchase goods on the internet and in stores. The following are some unique properties of Bitcoin:
Learn more about Bitcoin the technology and bitcoin the currency by visiting the https://bitcoin.org/.