What is Bitcoin?
Bitcoin is a fully decentralized digital cryptocurrency. Unlike the ruble or the US Dollar, which can be touched (or seen in a bank account), there is no single body or central bank that controls Bitcoin. Instead, Bitcoin operates on a peer-to-peer network, allowing anyone to send and receive Bitcoin without intermediaries (such as banks, central bank or payment system).
Thousands of cryptocurrencies are featured in the coinmarketcap ranking today, but Bitcoin was the very first of them. The now legendary Bitcoin white paper signed by “Satoshi Nakamoto” was published on October 31, 2008. Who exactly is behind this pseudonym is still unknown.
The first line of the text reads: "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution."
The Bitcoin network was launched on January 3, 2009, thereby triggering the crypto revolution.