Bitcoin was invented in 2008 by an unknown group of people using the name Satoshi Nakamoto. It is a virtual currency that, originally, have been designed to act as money and a form of payment outside the control of any entity, removing the need for third-party involvement in financial transactions. Instead, It is rewarded to blockchain miners for the work done to verify transactions, which works through a network nodes through cryptography and recorded in a public distributed ledger called a blockchain that no one owns.
Bitcoins are created as a reward for a process known as mining. They can be a trading asset itself or can be exchanged for other currencies, products, and services.
Today, Many local and national governments are officially using Bitcoin in some capacity, with at least two countries, El Salvador and the Central African Republic, adopting it as a legal tender.
Bitcoin can be obtained by direct mining, which uses somewhat high amount of lectricity, or theough mining simulator such as rollercoin.
