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What is Bitcoin?

Asked by Howard Reyes, Last updated: Jul 24, 2020

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2 Answers

lizamatthewindia

Lizamatthewindia

Answered Feb 20, 2020

Bitcoin is the world’s first cryptocurrency launched in 2009 by its open-source software invented by an unknown person or a group using the name Satoshi Nakamoto. The Identity of Satoshi is still unknown.

The value of Bitcoin crossed $13,000 in 2019, still trading around $9000.

Bitcoin is accepting by many merchants and can be exchanged for other currencies, products, and services.

 

M. Klose

M. Klose, Content Writer, Oakland

Answered Sep 13, 2018

A Bitcoin is a type of digital currency which started out as a simple currency. Over the past years, more and more people have started investing in Bitcoin. One Bitcoin now will be enough to help a person live comfortably for a little while. This is normally used for transactions online and there are proposals that this will be the universal currency in the world someday. People are still not too keen on this change.

A Bitcoin is a type of digital currency which started out as a simple currency. Over the past

There are some who still cannot imagine how life would be like if this would be the main currency that will be used. Experts say that this will only be used for online transactions in the beginning. Let us see if 10 years from now, this would take place.

 

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