Bitcoin is the first “cryptocurrency”. Created in 2009, it is still – by far – the most popular and most widely accepted form of cryptocurrency. It’s best to think of bitcoin as “digital cash”. This means that if you have bitcoin you can use them to pay other people or businesses, online or in person, no matter where they are in the world! Just like cash, however, Bitcoin transfers are irreversible, so be very careful who you pay. Currently, Bitcoin is primarily used for price speculation and savings as well as purchases and global value transfers. There are likely thousands of retailers that accept bitcoin. Bitcoin is changing how we use and store value!
See why we’re so excited about Bitcoin! — Introduction to Bitcoin video by Andreas Antonopoulos
Who Produces Bitcoin?
Bitcoin is a decentralized form of digital currency that is created and held electronically. Bitcoins aren’t printed, like dollars or Euros. They’re produced by people, and increasingly businesses, running computers all around the world using software that solves mathematical problems.