What is Bitcoin and how does it work?

Increasingly attracting the attention of investors, the world's first cryptocurrency was developed in 2008 by Satoshi Nakamoto - who until today has never had his identity proven. Its issuance is not controlled by a central bank, it is produced in a decentralized manner by thousands of computers. Find out below:


Entirely digital, Bitcoin is a currency just like the Dollar and the Real, the difference is that you won't find it in your wallet (it exists only on the internet). Ideal for online transactions, totally secure and a great source of investment for those looking to diversify their assets.


For their creation, computers are connected to the network and compete with each other solving mathematical problems - the winners receive a block of the coin. The level of difficulty is adjusted by the network, causing the currency to grow to 2140 in 21 million units. This form is known as mining.


There are two other ways to acquire Bitcoins, either by buying from specific brokerages or by using cryptocurrency as an exchange on sales. When making the purchase, the virtual currencies are saved in the virtual wallet, created when the user signs up with the software, so it is possible to access and transfer them at any time.


Following market rules, the higher the demand, the higher the Bitcoin price. In 2019 the interest in cryptocurrency became one of the most talked about and in 2017 it reached 19,300 dollars in the highest quotation in history. According to enthusiasts, the movement continues to attract new followers and increase its acceptance.