Talk about bitcoin

Bitcoin is a currency just like money. However, it is a completely digital currency. It is managed through a decentralized network. This is a very different system from the commercial or central banks. Bitcoin is exchanged on the same terms around the world. These coins are managed through cryptocurrency protocols. Encryption is used to hide user identities and activities.

The digital currency Bitcoin was born in 2006. The cryptocurrency was invented by a group of software engineers named Satoshi Nakamoto, a Japanese citizen, later that year. Although designed in 2007, it was released as open source software in January 2009.

There are three different ways to hold bitcoin. First, you can buy cryptocurrencies with legal tender on online exchanges such as Coinbase or BitFinance. Second, you can keep Bitcoin by exchanging your products and services. Third, you can create your own bitcoin by processing (mining). You have to work hard like a miner to make bitcoin. There is talent, a lot of electricity is also needed.