An Introduction to Cryptocurrencies and Bitcoin

[image error]

Bitcoin is a cryptocurrency. Cryptocurrencies are digital forms of money. They use cryptography to secure transactions and control “printing” of new money. Bitcoin is a pioneer in the field of cryptocurrencies.

Satoshi Nakamoto developed Bitcoin in 2008. Satoshi Nakamoto is a pseudonym for a person or group of individuals. The real identity of the inventor is unknown. Bitcoin is a form of currency like the US dollar or the European Union’s euro. As with all currencies, you can use bitcoin...