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What is Bitcoin?

Bitcoin (BTC or XBT) is the first cryptocurrency in the world created by Satoshi Nakamoto - the pen name of the father of Bitcoin, his identity remains a mystery. Bitcoin uses the peer-to-peer protocol (peer-to-peer) on the Blockchain technology platform for all transactions. It completely eliminates third-party intermediaries - money will be sent directly from one person to the other, so fees for transactions are almost zero. There is no country or organization to control these transactions.

Bitcoin is the electronic currency that represents the anonymous currency of the internet which we collectively call Cryptocurrency (electronic money, digital money or cryptocurrencies), the distinguishing feature of this currency from many people is that it is anonymous, unchecked by the owner and with extremely low transaction costs.