What is Bitcoin?

Bitcoin is a worldwide cryptocurrency and digital payment system called the first decentralized digital currency, as the system works without a central repository or single administrator. It was invented by an unknown person or group of people under the name Satoshi Nakamoto and released as open-source software in 2009. The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. (Blockchain is explained below)

Official Website:

Bitcoin

BitCoin Introduction

Bitcoin Benefits

Benefits:
1. Low inflation risk. Unlike physical currencies there is low risk of bitcoin inflation as the Bitcoin system is designed to make Bitcoins finite. There are only around 21 million Bitcoins in the market.
2. Low collapse risk. Bitcoin is not regulated by any one government, making it a global currency. No single government’s initiatives can cause Bitcoin collpase.
3. Safe, simple and cheap.
4. Easy of handle. Unlike gold or physical money, one can access Bitcoin to any connected part of the world without much ado.

Bitcoin tickers (used for trading in the market) : BTC and XBT

BTC calculator:

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Bitcoin Historic trend

How to buy Bitcoin

There are several ways to Bitcoin. You can buy Bitcoin via exchanges, people community who sell/buy Bitcoins or from Bitcoin ATMs. The best way to buy/sell Bitcoins depends on your location. Please visit the following dedicated page to find more about how to buy bitcoins. How to Buy Bitcoin

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