What is Bitcoin?

1 mins 2 months ago Sep 25, 2023
Author: Mohammed Yousuf Syed
A Professional Image Illustrating The Question &Quot;What Is Bitcoin?&Quot; With A Magnifying Glass Hovering Over The Bitcoin Logo.

Bitcoin (BTC) is a type of digital currency that is not controlled by any bank, government or any other institution.  It is collectively maintained by human coordination, allowing everyone from around the world to verify its integrity, instead of dictation by one centralised agency.

Since its creation in 2009, it has achieved global recognition by the public. Bitcoin can be used to purchase items such as cars, clothes, or beer, in place of standard fiat currency.  It can also be transferred to anyone, without the need to convert between currencies.

Visit our Learning Hub for more detailed look into digital currencies like Bitcoin.