What is Bitcoin?
Bitcoin is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.
Bitcoin is a decentralized electronic currency based on crypto. In other words, it is not regulated by a financial institution or government. Unlike a traditional bank account, you do not need a long list of documents as an ID in order to establish what is known as a bitcoin wallet. Your portfolio will allow you to carry out all your exchange (Send / Request) between your accounts as well as with other people.
