What is Bitcoin?

Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was released as open-source software in 2009.

The system is peer-to-peer, and transactions take place between users directly, without an intermediary. These transactions are verified by network nodes and recorded in a public distributed ledger called the blockchain. Since the system works without a central repository or single administrator, bitcoin is called the first decentralised digital currency.

How to buy Bitcoin?

You can buy online at Zebpay, UnocoinLocalBitcoins. Other wallets are CoinSecure, CoinMama, Changelly, etc.

Also read: Where I can Buy Bitcoins in India?

Note: If you haven’t created an account on Zebpay or Unocoin or CoinSecure, you can grab the following referral code

Referral Code of Zebpay: REF06568678

Referral Code of Unocoin: U213061

Coupon Code of Unocoin: TTA200
Referral Code of CoinSecure: A67aTLwo7PNiLBysAU9h


6 thoughts on “What is Bitcoin?

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