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Bitcoin is a digital currency that was founded in January 2009 in response to the housing crisis. It adheres to the principles outlined in a whitepaper by the enigmatic and pseudonymous Satoshi Nakamoto. The name of the individual or individuals who invented the technique remains unknown. Bitcoin promises reduced transaction fees than conventional online payment channels and is controlled by a decentralized authority, in contrast to government-issued currencies.
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Bitcoin is used around the world to transmit money to friends and family and to make online purchases. It can be less expensive, faster, and easier to use than conventional currency. Similar to the Internet, no central authority controls Bitcoin. It offers both openness and privacy to its consumers. It restores your control over your finances.
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