A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.
What is Bitcoin?
Bitcoin is a currency like the euro or the US dollar, used to exchange goods and services.
However, unlike other currencies, Bitcoin is an electronic currency that presents novel
features and notable for its efficiency, safety and ease of exchange. Their biggest difference
compared to other currencies, is a decentralized currency, so anyone possession. Bitcoin has no
central issuer as dollars or euros, the cryptocurrency is produced by individuals and companies
around the world devoting considerable resources to mining.
What is the origin of Bitcoin?
Bitcoin has its origin in 2009 when Satoshi Nakamoto, pseudonym of one or more persons
decided to launch a new electronic currency whose peculiarity is that only served to perform
operations, While we may not know who he (or she) was, we know what he did. Satoshi Nakamoto
was the inventor of the bitcoin protocol, within the network of networks. Bitcoin refers to
both the currency and the protocol and the P2P network on which it rests.
How bitcoins created?
The new bitcoins are generated by a competitive and decentralized process called "mining".
This process is based on that individuals are rewarded by the network for their services.
Bitcoin mining process transactions and ensure network using specialized hardware and collect
bitcoins in exchange for this service.