What is Bitcoin?

Bitcoin is an entirely digital, global currency launched in 2009: it is a fully decentralized monetary system with no central authority that regulates the monetary base. What does this mean? Well, it is money, currency, that can be sent over the internet to transfer money or to make payments to anyone. However, it is not physical money. Think of how email allows us to send a digital message to anyone in the world, for free. Bitcoin is very much the same concept, but for money: Email is a digital version of paper mail. Bitcoin is a digital version of paper cash. You can store digital cash in your wallet or send a payments instantly to anyone, without having to register or sign up. You just send your bitcoins to the right address. Key properties of Bitcoin: Open source Completely open source, it is not managed, backed by, nor belongs to any central authority, country or government. It does not depend on any one economy or institution. RedundantUsing the internet, the...

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