What is Bitcoin?
Bitcoin is a form of digital currency, created and held electronically. No one controls it.
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.
It’s the first example of a growing category of money known as cryptocurrency.
Who created it?
A software developer called Satoshi Nakamoto proposed bitcoin, which was an electronic payment
system based on mathematical proof. The idea was to produce a currency independent of any
central authority, transferable electronically, more or less instantly, with very low transaction fees.
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