What is Bitcoin?
If you have not already heard, Bitcoin is taking the world by storm. Bitcoin was founded anonymously in 2007 under the alias of Satoshi Nakamoto.
Some basic facts about Bitcoins
- Bitcoin is a digital cryptocurrency, there is not any physical currency.
- No banks hold your money, only your personal Bitcoin wallet.
- All exchanges are performed anonymously and directly via a peer-to-peer exchange.
How does Bitcoin work?
Getting started with Bitcoin is as simple as downloading a wallet application and syncing the wallet to the public ledger. From there you are free to perform transactions with individuals and business anonymously.
However, while your identity is protected the transactions are permanently recorded on an open and public ledger.
