Bitcoin is the most popular electronic currency (cryptocurrency) in the world. Bitcoin works as a decentralized digital currency that does not rely on any centralized bank or financial institution for the admiration of transactions.
Bitcoin can be easily sent from one user to another and all transactions are verified and permanently recorded on the peer-to-peer distributed global network known as the Bitcoin Blockchain.
Bitcoin was invented by an unknown individual or by a group of individuals using the name Satoshi Nakamoto. It was released as open-source software in 2009. Over the years, many claims about the true identity of Satoshi Nakamoto were made – none of those claims turned out to be true.
How To Get Bitcoin
Millions of people around the world use cryptocurrency on a daily basis and most of them are using Bitcoin. You can acquire Bitcoin in multiple ways:
- Providing goods and / or services in exchange for Bitcoin.
- Purchasing Bitcoin directly from a Cryptocurrency Exchange.
- Using computing power to “mine” for Bitcoin.
You can also store your Bitcoin by either using an online / offline wallet or by storing it in “cold storage”.
You can use the Bitcoin Mining Calculator below to find out how much you can possibly earn based on Hashing Power, Difficulty and other variables.