Bitcoin

Bitcoin launched in 2009 as the first cryptocurrency, created without the need for a central bank. This allows for peer-to-peer transactions where money can be sent or received seamlessly.

Bitcoin has since become the most well-known and valued cryptocurrency with a fixed supply of 21 million coins, creating scarcity and increasing the value of each coin.

The Blockchain

The Bitcoin blockchain is what allows transactions to be verified, and is made available to the public to be re-verified. Every time a new transaction occurs, a new block is encrypted to the blockchain, creating a record that is hard to alter.

You can access your bitcoin through a private key held in a crypto wallet. While the cryptocurrency is not stored on the wallet itself, the private key provides proof of ownership to your bitcoin on the blockchain.

Major companies like Microsoft and Whole Foods currently accept payment in Bitcoin.

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