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What is Bitcoin?


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Bitcoin is first cryptocurrency which is vary than any fiat currency you have experienced before, so it is essential to know it. Unlike other fiat currency you can use bitcoin worldwide. there is no boundary for bitcoin, whenever fiat currency can use in limited area. Bitcoin is a reliable and safe payment system, invented by an unidentified programmer, or group of programmers, under the name of Satoshi Nakamoto.It was introduced on 31 October 2008 and released as open source software in 2009.Bitcoin has limitation and generate by mining machines.  The system is peer-to-peer and transactions take place between users directly, without any middleman. These transactions are verified by network nodes and recorded in a public Distributed ledger called the Blockchain. Bitcoin is first decentralized digital currency which is more safe than bank.

In February 2015, the number of merchants accepting bitcoin for products and services passed 100,000, Instead of 2–3% typically imposed by credit card processors, merchants accepting bitcoins often pay fees in the range from 0% to less than 2%

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