So, Bitcoin you know it's a new form of money, a digital currency, to be exact but just how does it work? Sit your down comfortably, and we will begin with the basics.
Origin of Bitcoin
The important aspect of bitcoin may be the concept behind it. Bitcoin was created by a developer Satoshi Nakamoto. Rather then trying to deign a completely new payment method to over throw the we all pay for things online.
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Satoshi saw that there was a certain problems with the existing payment systems and wanted to address them.
The concept of bitcoin is rather simple to explain. During the financial crisis of 2008, people from all the world felt its debilitating economic effects. And people many still feeling the effects in terms of the dwindling value of their fiat currency.
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The currency approved by a country's government.