Bitcoin is a popular cryptocurrency. It's the most widely used and most valuable cryptocurrency in the world. Bitcoin came into existence in 2009, when a programmer or a group of programmers going by the name of Satoshi Nakamoto, created it.


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  In other words, Bitcoin is not owned by any single entity, such as a company or government. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network.


 A set of rules determines how bitcoins are created and how new bitcoin may enter the system: these rules are known as Bitcoin protocol and they control what can be done with bitcoins. 


The value for this cryptocurrency has grown exponentially over the years and some people believe that it will continue to grow even more in the future. 


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What is Bitcoin?

Bitcoin is a cryptocurrency that was created in 2009 by a developer or a group of developers going by the name of Satoshi Nakamoto. Bitcoin does not belong to any single entity, such as a company or government. It operates on peer-to-peer technology and there is no central authority which regulates it. The rules or protocol governing bitcoin are known as Bitcoin protocol and they control what can be done with bitcoins.


The value for this cryptocurrency has grown exponentially over the years and some people believe that it will continue to grow even more in the future. 



How Does Bitcoin Work?

Bitcoin is a decentralised cryptocurrency. However, when you purchase bitcoin, you are still purchasing it from an individual or an organization. When you buy bitcoin on the open market, you are taking part in what is called mining. Mining bitcoins requires expensive equipment and time, which means that not everyone can take part in this process.


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Who's Developing Bitcoin?

The identity of the programmer who created bitcoin is a mystery. He or she remains anonymous and is known as Satoshi Nakamoto.


It's unclear whether this person is an individual or a group of people.


Due to the anonymity, it's also unclear whether Nakamoto has any involvement in bitcoin now.


Nakamoto could be a single person working alone, but the programmer seems to be well versed in cryptography and economics, which led some to speculate that he might be part of a team with one or more developers and economists.


Satoshi Nakamoto has been called everything from an unknown genius to a person who doesn't exist at all.


But we do know for sure is that Nakamoto was not only the currency’s creator, he was its first miner as well as its first user. 



In 2010, when what would eventually become bitcoin was worth only six cents each, Nakamoto mined bitcoins on his computer from his house in suburban Tokyo. 


In 2013, Newsweek published a story claiming that Satoshi Nakamoto was Dorian Prentice Satoshi Nakamoto, a 64-year-old Japanese-American physicist living in California whose birth name was Satoshi Nakamoto but had changed his name in 1973 after the death.


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When to Invest in Bitcoin?

Bitcoin is a popular cryptocurrency. It's the most widely used and most valuable cryptocurrency in the world. Bitcoin came into existence in 2009, when a programmer or a group of programmers going by the name of Satoshi Nakamoto, created it. In other words, bitcoin is not owned by any single entity, such as a company or government. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. A set of rules determines how bitcoins are created and how new bitcoin may enter the system: these rules are known as Bitcoin protocol and they control what can be done with bitcoins. The value for this cryptocurrency has grown exponentially over the years and some people believe that it will continue to grow even more in the future. That’s why we've compiled a list of 7 crypto currencies that will make you rich in the future below!



Some basic facts about bitcoin

Bitcoin is a decentralised cryptocurrency, meaning that it doesn’t belong to any specific country or company. It’s the most popular and valuable cryptocurrency in the world. The value of bitcoin has grown exponentially over the years and some people believe that it will continue to grow in the future.


Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. A set of rules determines how bitcoins are created and how new bitcoin may enter the system: these rules are known as Bitcoin protocol and they control what can be done with bitcoins.



Why you should consider investing in bitcoin today

Bitcoin is a new form of currency. It's similar to cash or gold in some ways, but it's also different from either one. Bitcoin was created in 2009 by a programmer called Satoshi Nakamoto and is the world's most popular cryptocurrency.


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Unlike gold or cash, bitcoin isn't controlled by any single company or government. Instead, it runs on a large peer-to-peer computer network made up of people around the world who volunteer to run a program on their computer that keeps track of all the transactions and bitcoin coin creation.


As a result, there is no central authority for bitcoin, which can lead to faster transactions, lower fees and more security for you as a consumer.


Even though bitcoin was created in 2009, it has grown exponentially over the last few years and many people believe that it will continue to grow throughout the future. With that being said, if you were considering investing in bitcoin today there are 7 other crypto currencies that could make you rich in the future!


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