What is Bitcoin?
Bitcoin is the first and largest electronic currency that is stored on the internet, so it is not physically shaped like a conventional currency. Bitcoin is not regulated until now either by the government or any central bank and its users can transact anonymously. Currently there are about 15 million bitcoin in the world. Based on that fact, economists believe the value of bitcoin will rise again. Thus, bitcoin is no longer suitable to be a tool of transactions but more suitable to be deposited like gold.
Who is the creator of Bitcoin?
Its creator is Satoshi Nakamoto. The original identity was kept secret since the first Bitcoin was released in 2009. As the value of Bitcoin increases, many parties want to know the original identity of the creator, although still not found.
How is Bitcoin obtained?
Some marketplaces called Bitcoin Exchange allow buying and selling and sending Bitcoin through mobile apps or computers. For example, bitcoin.co.id (Indonesia), mtgox (US & Japan) and btcchina.com (China). In addition, it can also mine itself using a computer to solve complex mathematical puzzles. The Bitcoin network rewards bitcoins for miners that provide the computing power needed.
Where is Bitcoin stored?
Bitcoin is stored in a digital wallet in the cloud or user's computer. The wallet is a kind of virtual bank account that allows users to receive, send, pay a transaction, or save Bitcoin.