What is Bitcoin?

Short and straight to the point for our readers and investors:

Bitcoin is a digital currency and a gaining worldwide adaptation as a payment system and also as a store of value for the investment. It is the first decentralized digital currency where its system works without a central bank or single administrator. The network is peer-to-peer and transactions occur between its users directly, without an intermediary. These transactions are verified and secured by miners (hardware owners) in a publicly distributed ledger called a blockchain. Bitcoin was created by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in the year 2009.

Main Benefits of Bitcoin:

 

Easyperson to personPerson to Person

Send Bitcoin from your laptop, tablet, smartphone or other devices, to anyone, anywhere in the world, 24 hours a day without any middleman fee.

Securesecure blocklabsStrong cryptography

Bitcoin authenticates transactions with similar advanced encryption that is used in high-end businesses, military, banking, and government applications.

Openblocklabs openFully decentralized

It is an open-sourced. Nobody owns it; the most popular client is managed by a communal of open-source developers.

FairMinimal Fees

Using the Bitcoin network is free of charge, except for a voluntary fee that you can use to speed up transaction processing.

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