What is Bitcoin
¿What is Bitcoin?
Bitcoin is a decentralized cryptocurrency created in 2009 in which its creator is unknown, since it was launched under a pseudonym known as Satoshi Nakamoto.
With it you can make or purchase products and services like any other digital currency.
¿What does it offer?
Bitcoin offers its users greater protection and absolute anonymity for their greater comfort through its blockchain.
The reliability of this currency is based on the fact that when carrying out a transaction there is no going back, it can only be reversed if the receiver so wishes, since every transaction made with this currency has a record that is found in the “transparency ” or central registry, avoiding fraud when making a transaction or payment.
¿How does BTC work?
It works like a classifier that is stored in a database, each movement or transaction that is executed between users will be stored in a public list called a chain of blocks (Blockchain).
¿How is Bitcoin regulated?
This cryptocurrency is not regulated by any financial entity or authority.
It is protected through the blockchain, since the same users are always seeing movements, transactions and that everything is in order.
¿Why do people use BTC?
Bitcoin is used to pay for goods and services or quick payments to third parties, buy products or is used as an investment and speculation tool.
How is Bitcoin different from other stablecoins?
Bitcoin is a decentralized currency, no one has particular power over it nor can they have an initial amount at the time of its creation, on the other hand, from other currencies the creator can keep some initial amount with which he manages to carry out different activities such as speculation, the rest can be launched on the market without any problem.
Bitcoin usually serves as a refuge of value, since being limited to 21 million coins, more can only be created with a complicated process called mining (Bitcoin creation process).
¿Where can i buy it?
You can buy Bitcoin through Coinbase or Binance, since it is well known in Latin America for being the largest and most used exchange, however there are also two other options that are Crypto.com and Coinmama among others.
¿Where to find more information?
For more information such as movements, prices, explorers, contracts and more you can visit the following link: https://coinmarketcap.com/
