What is bitcoin and how does it work?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, ...

Who created Bitcoin?

One of the first major public investigations ended with Dorian Nakamoto being identified as Bitcoin's creator, but he continues to decline the claim. Some believe Craig Wright is the founder, though critics believe he is using public attention for personal gain. Others think Nick Szabo, who created Bit Gold in 2008, is the real Nakamoto.

Who can use Bitcoin?

Permissionless: Anyone can use Bitcoin, there are no gatekeepers, and there is no need to create a 'Bitcoin account.' Any and all transactions that follow the rules of the protocol will be confirmed by the network along the defined consensus mechanisms. Pseudo-anonymous.

What is Bitcoin (BTC)?

Sponsored by What's this? What Is Bitcoin? Bitcoin (BTC) is a cryptocurrency, a virtual currency designed to act as money and a form of payment outside the control of any one person, group, or entity, thus removing the need for third-party involvement in financial transactions.