OK, so what’s Bitcoin?
It’s not an actual coin, it’s “cryptocurrency, inch be sure you form of payment that is produced (“mined”) by lots of people worldwide. It allows peer-to-peer transactions instantly, worldwide, for free or at very low cost.
Bitcoin was invented after decades of research into cryptography by software developer, Satoshi Nakamoto (believed to be a pseudonym), who designed the criteria and introduced it just last year. His true identity remains a mystery.
This currency is not backed by a tangible share (such as gold or silver); bitcoins are traded in online which makes them a share in themselves. bitcoin to paypal
Bitcoin is an open-source product, accessible by anyone who is a user. All you need is an email address, Internet access, and money to get started.
Where does it come from?
Bitcoin is mined on a distributed computer network of users running specialized software; the network handles certain exact proofs, and searches for a particular data sequence (“block”) that produces a particular pattern when the BTC criteria is applied to it. A match produces a bitcoin. It’s complex and time- and energy-consuming.