What is Bitcoin?
Bitcoin (BTC) is the 1st decentralized digital currency that was created in 2008. The coin uses innovative blockchain technology to store payment transactions between users. So, there is no need for a central bank or 3rd party to overlook transactions between users of Bitcoin. As a result, this makes Bitcoin is the 1st currency in history that is not related to a government or central authority. You can fully control your Bitcoin wallet and transactions.
How can I use Bitcoin?
Bitcoin can be used just like any other currency or other forms of money. You can pay for services and goods (online & offline) and use Bitcoin for trading. Or invest for the long-term, in this case, make sure you store your Bitcoins safe, preferably on a secure offline wallet.
Who founded Bitcoin?
It remains a question who created the Bitcoin concept. In October 2008 a whitepaper named "Bitcoin: A Peer-to-Peer Electronic Cash System" was released. The foundations of Bitcoin as we know it today have been set out in this paper. It was published under the pseudonym, Satoshi Nakamoto.
In the past years, many people have claimed to be Satoshi Nakamoto, but we are probably never going to know the true identity of the creator of Bitcoin. Since Bitcoin is built as an open-source network, it grows daily thanks to the input of thousands of developers and users globally. With the result, no individual or company has control over the direction Bitcoin is going. Bitcoin will continue to meet the community's needs and expectations as they keep evolving.
Can I earn money with Bitcoin?
Yes, you can earn money by selling & buying Bitcoin. Sell for a higher price than what you bought them for. Bitcoin can be used to trade almost every other cryptocurrency. In past years, Bitcoin's value has increased a lot, but also had some significant losses. In 2017 the Bitcoin rate peaked at almost $ 20.000 per Bitcoin. Be aware that Bitcoin has proven to be volatile, so losses can follow profits. Always trade responsibly.
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