What is Bitcoin?
Bitcoin (BTC) is the most famous and well known, also the first cryptocurrency used worldwide as an alternative to common Fiat currencies such as the US dollar, Euro, etc.
Nobody knows who invented Bitcoin, all we know is that it was created by Satoshi Nakamoto, which is a pseudonym of a developer or maybe a development team.
Bitcoin is a decentralized digital currency, which means it cuts off all the third parties during a money transaction, like banks, and lets the only user make transactions on the peer-to-peer Bitcoin network.
All the transactions are verified and recorded in a public distributed ledger called blockchain, where you can check all the transactions made by users, but without the spread of personal data, just wallet addresses.
You can own Bitcoins by simply buying them with a Fiat currency on one of the available exchanges (click here for a list of exchanges), or by performing a creation process called “Mining”, that will use your computer performance to solve some math algorithm and get rewarded with some Bitcoins, without the need of a pickaxe!
There are currently over 18,5 Million BTC, with a current average of 900BTC mined per day.
There is a limit of Bitcoin that can be mined, and that limit is in his own source code, which is 21 Million BTC, after reaching that number there will be no more Bitcoin to harvest.