1. What is cryptocurrency?
Cryptocurrencies or digital currencies are the basis of a new electronic payment system.
Cryptocurrencies or digital currencies are the basis of a new electronic payment system.
Bitcoin is the most popular cryptocurrency, which was first introduced in 2008 by Satoshi Nakamoto.
The launch of new Bitcoins in circulation is called mining. Since people send Bitcoins to each other, someone has to monitor the correctness of the exchange, which is the job of the miners.
You can pay by or exchange Bitcoins at any location in the world without high bank fees, no intermediaries and almost instantly.
The price of Bitcoin is influenced by the supply and demand of cryptocurrency, which in turn depend on a variety of factors.
One Bitcoin is divided into 100 million units called Satoshi.
This is the Bitcoin equivalent of a bank account where you can store your cryptocurrency.
Are my data and transactions protected?
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