What is Bitcoin?

What is Bitcoin?

Bitcoin is the first
decentralized digital currency in history. As its name implies: a peer-to-peer
electronic money system. The idea with bitcoin was to replicate the properties
of physical cash in a digital environment. Therefore, this invention means the
"digitalization of money" in the fullest sense of the term. While the
supply of bitcoins is predetermined by the rules of the protocol and ensured by
network participants, its price is freely defined by the market 24 hours a day,
seven days a week.Based on a technology called blockchain, the system is
incredibly secure and robust, although it does not depend on any centralized
entity, central bank or financial institution. And it works on a decentralized
global network. It’s money from the internet.