What is the Bitcoin?

Bitcoin’s most important characteristic.Bitcoin is a worldwide cryptocurrency and digital payment systemor a group of programmers, under the name Satoshi Nakamoto.It was released as open-source software in 2009.It was born 2007.

The system is peer-to-peer, and transactions take place between users directly, without an intermediary.These transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralized digital currency.

Besides being created as a reward for mining, bitcoin can be exchanged for other currencies,[17] products, and services in legal or black markets.

As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.Bitcoin to 5.8 million unique users using a cryptocurrency wallet, most of them using bitcoin.On August 1 2017 the hard fork of Bitcoin named Bitcoin Cash is planned to come in existence.Bitcoin last come 2140.it was only 1.18. As of April 2017, the mining difficulty is over 4.24 billion.