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What Is Bitcoin?

According to www.bitcoin.org , Bitcoin is an innovative payment network and a new kind of money. The website states that Bitcoin uses peer-to-peer technology to operate with no central authority or bank. In simple terms Bitcoin is digital money. A string of "ones and zeros" (bits). These bits are encrypted by way of cryptography, hence the name cryptocurrency. In fact, Bitcoin was the first ever cryptocurrency. It is the Godfather of cryptocurrency. That is why we cannot talk about cryptocurrency without talking about Bitcoin. Furthermore, we cannot talk about Bitcoin without talking about Blockchain Technology . Blockchain technology, and consequently Bitcoin, was developed by Satoshi Nakamoto in 2008. Now Satoshi Nakamoto is somewhat of a myth more like Keyser Soze from the 1995 movie The Usual Suspects. Some people actually believe that it is not one person but a group of four people using a pseudo name. Satoshi Nakamoto has not been heard from since 2012. Blockchain...