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Bitcoin is a decentralized, relatively anonymous alternative currency developed by cryptographic experts. Bitcoin currency comes into being through "mining" on computers (solving complex mathematical problems that takes a long time and a lot of computer power). The total quantity of Bitcoin currency is limited by the foundational algorithms that brought it into being. Anyone and everyone who participates in the decentralized network of bitcoin transactions can, through their own software, cryptographically verify every single bitcoin transaction that takes place in the network. Thus all transactions are communally verified and validated and no central organization or entity has the power to exert arbitrary influence over the value of the currency. It is as close as the world currently gets to a perfectly free market currency.
You can read more about bitcoin and how you can start using it HERE.
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About Bitcoin
Bitcoin is a decentralized, relatively anonymous alternative currency developed by cryptographic experts. Bitcoin currency comes into being through "mining" on computers (solving complex mathematical problems that takes a long time and a lot of computer power). The total quantity of Bitcoin currency is limited by the foundational algorithms that brought it into being. Anyone and everyone who participates in the decentralized network of bitcoin transactions can, through their own software, cryptographically verify every single bitcoin transaction that takes place in the network. Thus all transactions are communally verified and validated and no central organization or entity has the power to exert arbitrary influence over the value of the currency. It is as close as the world currently gets to a perfectly free market currency.
You can read more about bitcoin and how you can start using it HERE.
