Bitcoin (BTC) is a digital currency. Satoshi Nakamoto created it in January 2009. The identity of the person or persons who created the technology is still a mystery. BTC offers the promise of lower transaction fees than traditional online payment mechanisms. Unlike government-issued currencies, a decentralized authority operates it.
Bitcoin is a type of cryptocurrency. There are no physical bitcoins, only balances on a public ledger that everyone has transparent access to. A massive amount of computing verifies all BTC transactions. No banks or governments can control it. BTC is very popular and opens the launch of hundreds of other cryptocurrencies.
