What is Bitcoin?

Finanzen, Bitcoin, Geld, Münze, Handeln

Bitcoin is the world’s first successful decentralized cryptocurrency and payment system, launched in 2009 by a mysterious creator known only as Satoshi Nakamoto. It allows global peer-to-peer online transaction without goin thru a financial institution.

Who controls Bitcoin?

Bitcoin is not owned by the goverment or anyone else. Instead the network consists of willing participants who agree to the rules of a protocol. This means changes to the protocol must ve made vy the consensus of its users. 

How many Bitcoins are there?

The amount of Bitcoin is capped at 21,000,000 BTC, which are not yet all mined. About every 10 minutes the amount of bitcoin in existence changes, when a so called "Block" is being mined. The last Bitcoin is expected to be mined around the year 2140. It has to be considered that by that time an amount of Bitcoins will be lost, due to people losing their wallets.

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