What is Bitcoin? Introductory video and current Bitcoin price.
https://www.weusecoins.com
Bitcoin is the first decentralized peer-to- peer payment network that is powered by its users with no central authority or middlemen.
Bitcoin - Open source P2P money
https://bitcoin.org
Bitcoin is an innovative payment network and a new kind of money. Find all you need to know and get started with Bitcoin on bitcoin.org.
Bitcoin is a new currency that was created in 2009 by an unknown person using the alias Satoshi Nakamoto. Transactions are made with no middle men – meaning, no banks! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.
Why Bitcoins?
Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.
Mining
People compete to “mine” bitcoins using computers to solve complex math puzzles.This is how bitcoins are created.Currently, a winner is rewarded with 12.5 bitcoins roughly every 10 minutes....
Owning Bitcoins
Bitcoins are stored in a “digital wallet,” which exists either in the cloud or on a user’s computer.The wallet is a kind of virtual bank account that allows users to send or receive bitcoins, pay for goods or save their money.Unlike bank accounts, bitcoin wallets are not insured by the FDIC
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