Bitcoin, or BTC, is a digital currency issued on the market in 2009 by an anonymous creator hiding under the name of Satoshi Nakamoto.
Bitcoins can be stored on a personal computer as a wallet file or by a third-party platform which stores BTC wallets. They can be sent through the Internet to anyone who owns their personal Bitcoin wallet.
The main advantage of Bitcoin and other digital currencies is independence from any government or institution – decentralization. The safety of the coins is ensured by a database distributed publicly peer-to-peer that keeps track of all transactions and the cryptography of Bitcoin. The transactions take place between users without any interference of intermediaries.
There is no possibility to create more coins than the intended amount for the market. In the case of Bitcoin it is 21 million coins. As a result, inflation is almost impossible. But it is possible to speculate on the value of Bitcoin. That's why it can be exchanged and one can try to make money on the different BTC rates.
