What is Bitcoin

Bitcoin is a cryptocurrency, that is, an encrypted digital currency that is used to buy and receive payments. The biggest difference between the biticon and other currencies is that it only exists in the digital environment. This wonderful coin emerged in 2009 as a solution to facilitate internet payments in currency and a pseudo-mino by Satoshi Nakamoto. Satoshi is also the name given to the smallest fraction of Bitcoin, which would be like cents of the coin, worth one hundred millionth of bitcoin (0.00000001 BTC).

Bitcoin’s main purpose is to act as a decentralized currency. This means that you are not dependent on banks, large corporations or governments to move your money. Over time the bitcoin has become for many a great investment with large profit margins, millions of people have already earned and continue to earn a lot of money with this currency. Bitcoin was also the first cryptocurrency to appear in the world based on an extremely secure decentralized network called Blockchain created by Satoshi Nakamoto.

No Bitcoin can be confiscated, you can send it to anyone you want for lower fees. In addition, it is secure and gives more privacy, control and transparency in negotiations.

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Post Written and created by Bruno Costa