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Bitcoin

Bitcoin is a decentralized digital currency that uses cryptography for security and is not controlled by any government or financial institution. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. Continue Reading Below

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Encyclopedia Articles

Discover the definition of financial terms related to bitcoin.

Bitcoin Maximalism Types, Example Cases, and Considerations Thumbnail

Bitcoin Maximalism Types, Example Cases, and Considerations

Alessandra Nicole

The Bitcoin Block: Definition, Mining Magic, and Real-world Examples Thumbnail

The Bitcoin Block: Definition, Mining Magic, and Real-world Examples

SuperMoney Team

Lightning Network Explained: How It Works, Types, and Examples Thumbnail

Lightning Network Explained: How It Works, Types, and Examples

Alessandra Nicole

UTXO Model: What It Is and Practical Examples Thumbnail

UTXO Model: What It Is and Practical Examples

Silas Bamigbola

B-Money: Origins, Impact, and Future Speculations Thumbnail

B-Money: Origins, Impact, and Future Speculations

SuperMoney Team

Bitcoin ATM: Operation, Popularity, Benefits And Risks Thumbnail

Bitcoin ATM: Operation, Popularity, Benefits And Risks

SuperMoney Team

Mt. Gox: A Journey Through Cryptocurrency History Thumbnail

Mt. Gox: A Journey Through Cryptocurrency History

Silas Bamigbola

51% Attacks in Cryptocurrencies: Definition, Implications, and Safeguards Thumbnail

51% Attacks in Cryptocurrencies: Definition, Implications, and Safeguards

Alessandra Nicole

Exploring the Depths of Bitcoin Double Spending: Risks, Prevention, and FAQs Thumbnail

Exploring the Depths of Bitcoin Double Spending: Risks, Prevention, and FAQs

Alessandra Nicole

Blockchain Hard Forks: Understanding, Impact, and Key Examples Thumbnail

Blockchain Hard Forks: Understanding, Impact, and Key Examples

Silas Bamigbola

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Learn About Bitcoin

Thumbnail for Blog Article: Citibank Execs Introduce Bitcoin Depositary Receipts

Citibank Execs Introduce Bitcoin Depositary Receipts

SuperMoney Team

Thumbnail for Blog Article: Bitcoin: Wave Of The Future Or A Thing Of The Past?

Bitcoin: Wave Of The Future Or A Thing Of The Past?

Tania Galloway

Thumbnail for Blog Article: Ethereum Rainbow Chart Explained: How Investors Use It To Inform Buy & Sell Decisions

Ethereum Rainbow Chart Explained: How Investors Use It To Inform Buy & Sell Decisions

Benjamin Locke

Thumbnail for Blog Article: How to Open a Bitcoin Bank Account

How to Open a Bitcoin Bank Account

Benjamin Locke

Thumbnail for Blog Article: How To Get Free Bitcoin And Why You Should

How To Get Free Bitcoin And Why You Should

Benjamin Locke

Thumbnail for Blog Article: What Is Deflationary Currency And It's Role In Modern Economics

What Is Deflationary Currency And It's Role In Modern Economics

SuperMoney Team

About Bitcoin

Bitcoin is a decentralized digital currency that uses cryptography for security and is not controlled by any government or financial institution. It was invented by an unknown person or group of people using the name Satoshi Nakamoto and was released as open-source software in 2009. Transactions with bitcoin are recorded on a public distributed ledger called the blockchain, which allows users to verify the validity of each transaction. Because it is decentralized and not subject to government regulation, some people see bitcoin as an attractive alternative to traditional currencies. However, its volatile exchange rate and potential for use in illegal activities have also raised concerns.