If you haven’t heard of Bitcoin yet, you may be the only one in your circle of friends who hasn’t

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How does Bitcoin work? 


Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of new units, and to verify the transfer of assets. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin is the first and most well-known cryptocurrency, but there are many others. Bitcoin is traded on exchanges and can also be used to purchase goods and services.

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Why do we need a new currency system? 


The current financial system is based on trust.

When you put your money in the bank, you trust that the bank will not lose your money or that it will be there when you need it. However, banks are constantly being bailed out by governments around the world, which erodes that trust.


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Who created Bitcoin? 


Satoshi Nakamoto is the name used by the unknown person or group of people who designed bitcoin and created its original reference implementation. As part of the implementation, they also devised the first blockchain database. In 2008, Nakamoto published a paper describing bitcoin. Then, in 2009, he released the first version of the bitcoin software. Nakamoto was active in the development of bitcoin up until December 2010.


​what are the benefits of cryptocurrency,? 


The benefits of cryptocurrency as an investment

Cryptocurrency offers a lot of benefits as an investment. For one, it's incredibly volatile, which means that there's a lot of potential for profit. Second, it's still a relatively new asset class, which means that there's still a lot of potential for growth. Third, cryptocurrency is decentralized, which means that it's not subject to the same government regulation as other assets. Fourth, cryptocurrency is global, which means that it can be used by anyone in the world.


Should you use Bitcoins?


Cryptocurrency is a digital or virtual asset designed to work as a medium of exchange. It uses cryptography to secure its transactions, to control the creation of new units, and to verify the transfer of assets. Cryptocurrencies are decentralized; they are not subject to government or financial institution control.


How do you acquire Bitcoins?


You can buy Bitcoins on an exchange, or you can earn them through mining. Mining is how new Bitcoins are created. Miners use special software to solve math problems and are issued a certain number of Bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.


Is investing in cryptocurrencies legal?


Cryptocurrencies are digital or virtual tokens that use cryptography for security. They're decentralized, meaning they aren't subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and can also be used to purchase goods or services. Some people believe that cryptocurrencies will eventually replace traditional fiat currencies (like the US dollar) as a global reserve currency.